Insider Selling: Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP 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 that occurred on Tuesday, January 21st. The stock was sold at an average price of $48.62, for a total transaction of $509,245.88. Following the completion of the transaction, the senior vice president now directly owns 71,757 shares in the company, valued at approximately $3,488,825.34. This trade represents a 12.74 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $47.80, for a total transaction of $54,922.20.

Gaming and Leisure Properties Stock Performance

GLPI opened at $48.11 on Friday. 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 company has a market cap of $13.20 billion, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The stock has a 50-day moving average of $48.87 and a 200-day moving average of $49.72. Gaming and Leisure Properties, Inc. has a 52-week low of $41.80 and a 52-week high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced 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). Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The company had revenue of $385.34 million for the quarter, compared to the consensus estimate of $385.09 million. During the same period in the previous year, the company earned $0.92 EPS. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. As a group, equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on GLPI shares. Stifel Nicolaus raised their target price on 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. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and upped their target price for the company from $49.00 to $54.00 in a report on Friday, December 13th. Morgan Stanley cut shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target for the company. in a report on Wednesday, January 15th. 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 equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.93.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. American Century Companies Inc. increased its stake in shares of Gaming and Leisure Properties by 11.4% in the second quarter. American Century Companies Inc. now owns 92,646 shares of the real estate investment trust’s stock worth $4,189,000 after purchasing an additional 9,476 shares during the period. AE Wealth Management LLC grew its holdings in Gaming and Leisure Properties by 6.7% in the 2nd quarter. AE Wealth Management LLC now owns 8,076 shares of the real estate investment trust’s stock valued at $365,000 after buying an additional 508 shares during the last quarter. Pacer Advisors Inc. increased its position in Gaming and Leisure Properties by 23.8% in the 2nd quarter. Pacer Advisors Inc. now owns 49,852 shares of the real estate investment trust’s stock worth $2,254,000 after buying an additional 9,568 shares during the period. Sei Investments Co. lifted its holdings in shares of Gaming and Leisure Properties by 11.4% during the second quarter. Sei Investments Co. now owns 539,593 shares of the real estate investment trust’s stock worth $24,395,000 after buying an additional 55,385 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Gaming and Leisure Properties by 578.4% in the second quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 590 shares during the period. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.