Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang Sells 5,000 Shares of Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 5,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total value of $248,600.00. Following the transaction, the director now directly owns 145,953 shares in the company, valued at approximately $7,256,783.16. The trade was a 3.31 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Gaming and Leisure Properties Stock Up 0.6 %

Shares of NASDAQ GLPI opened at $49.80 on Thursday. The business has a 50-day moving average of $48.18 and a two-hundred day moving average of $49.77. The company has a market capitalization of $13.69 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.01. The firm had revenue of $389.62 million during the quarter, compared to analysts’ expectations of $391.54 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. On average, analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Stockholders of record on Friday, March 14th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 6.10%. The ex-dividend date of this dividend is Friday, March 14th. Gaming and Leisure Properties’s payout ratio is 105.92%.

Institutional Investors Weigh In On Gaming and Leisure Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC purchased a new position in shares of Gaming and Leisure Properties during the third quarter worth about $693,000. Sanctuary Advisors LLC boosted its position in shares of Gaming and Leisure Properties by 76.1% in the 3rd quarter. Sanctuary Advisors LLC now owns 32,316 shares of the real estate investment trust’s stock valued at $1,646,000 after purchasing an additional 13,965 shares during the period. Zacks Investment Management grew its stake in Gaming and Leisure Properties by 10.9% during the 3rd quarter. Zacks Investment Management now owns 522,197 shares of the real estate investment trust’s stock worth $26,867,000 after buying an additional 51,398 shares during the last quarter. Cerity Partners LLC increased its position in Gaming and Leisure Properties by 87.5% during the third quarter. Cerity Partners LLC now owns 14,410 shares of the real estate investment trust’s stock worth $741,000 after buying an additional 6,724 shares during the period. Finally, Merit Financial Group LLC purchased a new stake in Gaming and Leisure Properties in the fourth quarter valued at approximately $526,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Barclays began coverage on shares of Gaming and Leisure Properties in a research note on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 price target on the stock. Mizuho cut their target price on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and raised their price target for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. Stifel Nicolaus boosted their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $55.00 price objective on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Six investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $54.15.

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.