Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk Sells 10,474 Shares of Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 10,474 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $48.62, for a total value of $509,245.88. Following the transaction, the senior vice president now owns 71,757 shares of the company’s stock, valued at $3,488,825.34. This trade represents a 12.74 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Matthew Demchyk also recently made the following trade(s):

• On Thursday, January 2nd, Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $47.80, for a total value of $54,922.20.

Gaming and Leisure Properties Trading Down 2.1 %

Shares of GLPI opened at $48.13 on Thursday. The company has a debt-to-equity ratio of 1.62, a quick ratio of 11.35 and a current ratio of 11.35. The firm has a market cap of $13.21 billion, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The business has a 50-day moving average of $48.91 and a 200 day moving average of $49.71.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The company had revenue of $385.34 million during the quarter, compared to analysts’ expectations of $385.09 million. During the same quarter last year, the firm posted $0.92 earnings per share. Gaming and Leisure Properties’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 6.32%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GLPI. Franklin Resources Inc. increased its position in shares of Gaming and Leisure Properties by 7.8% during the 3rd quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock valued at $641,059,000 after purchasing an additional 889,698 shares during the last quarter. State Street Corp grew its position in Gaming and Leisure Properties by 1.4% during the third quarter. State Street Corp now owns 12,135,195 shares of the real estate investment trust’s stock valued at $624,356,000 after acquiring an additional 162,484 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Gaming and Leisure Properties by 2.7% during the third quarter. Geode Capital Management LLC now owns 6,080,860 shares of the real estate investment trust’s stock worth $312,316,000 after acquiring an additional 161,689 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Gaming and Leisure Properties by 6.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 5,534,033 shares of the real estate investment trust’s stock worth $284,726,000 after acquiring an additional 341,492 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of Gaming and Leisure Properties by 25.3% in the 3rd quarter. Jennison Associates LLC now owns 4,075,461 shares of the real estate investment trust’s stock valued at $209,682,000 after purchasing an additional 821,634 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. JMP Securities restated a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Mizuho reduced their price objective on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research report on Thursday, November 14th. Stifel Nicolaus lifted their target price on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Finally, Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $52.00 target price (up from $51.00) on shares of Gaming and Leisure Properties in a report on Tuesday, October 1st. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.93.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.