Insider Selling: Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director Sells 6,885 Shares of Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 6,885 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $50.16, for a total value of $345,351.60. Following the completion of the transaction, the director now directly owns 149,800 shares of the company’s stock, valued at approximately $7,513,968. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

E Scott Urdang also recently made the following trade(s):

• On Monday, August 12th, E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $48.89, for a total value of $274,028.45.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI traded up $0.38 during trading on Tuesday, reaching $50.87. The company had a trading volume of 2,367,711 shares, compared to its average volume of 1,316,676. The firm has a market capitalization of $13.81 billion, a price-to-earnings ratio of 18.73, a price-to-earnings-growth ratio of 5.82 and a beta of 0.99. The company has a debt-to-equity ratio of 1.49, a current ratio of 5.91 and a quick ratio of 5.91. The stock’s fifty day moving average price is $51.11 and its 200 day moving average price is $47.54. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). The company had revenue of $385.34 million during the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.92 EPS. As a group, equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a yield of 5.98%. The ex-dividend date of this dividend was Friday, September 13th. Gaming and Leisure Properties’s dividend payout ratio is presently 112.18%.

Analysts Set New Price Targets

Several equities analysts have weighed in on GLPI shares. Royal Bank of Canada lifted their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a research report on Monday, July 29th. JMP Securities restated a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Tuesday. Wolfe Research upgraded Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research note on Friday, August 23rd. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday. Finally, Scotiabank boosted their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a research note on Tuesday, July 16th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Gaming and Leisure Properties has an average rating of “Moderate Buy” and an average target price of $52.18.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ignite Planners LLC grew its holdings in Gaming and Leisure Properties by 1.8% during the second quarter. Ignite Planners LLC now owns 12,181 shares of the real estate investment trust’s stock worth $543,000 after acquiring an additional 220 shares during the period. EP Wealth Advisors LLC grew its holdings in Gaming and Leisure Properties by 0.7% during the second quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust’s stock worth $1,537,000 after acquiring an additional 220 shares during the period. Ieq Capital LLC grew its holdings in Gaming and Leisure Properties by 0.3% during the second quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust’s stock worth $4,103,000 after acquiring an additional 257 shares during the period. Marshall Financial Group LLC grew its holdings in Gaming and Leisure Properties by 1.4% during the third quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust’s stock worth $1,076,000 after acquiring an additional 289 shares during the period. Finally, Private Advisor Group LLC boosted its position in Gaming and Leisure Properties by 2.7% during the first quarter. Private Advisor Group LLC now owns 11,440 shares of the real estate investment trust’s stock worth $527,000 after purchasing an additional 299 shares in the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.