Matthew Demchyk Sells 1,138 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 1,138 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $50.45, for a total transaction of $57,412.10. Following the transaction, the senior vice president now directly owns 53,002 shares in the company, valued at approximately $2,673,950.90. The trade was a 2.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, March 5th, Matthew Demchyk sold 6,419 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $50.45, for a total transaction of $323,838.55.
• On Monday, March 3rd, Matthew Demchyk sold 3,382 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $50.48, for a total value of $170,723.36.
• On Monday, January 27th, Matthew Demchyk sold 17,617 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $49.40, for a total value of $870,279.80.
• On Tuesday, January 21st, Matthew Demchyk sold 10,474 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $48.62, for a total transaction of $509,245.88.
• 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 Price Performance

Gaming and Leisure Properties stock opened at $50.40 on Thursday. The business’s fifty day moving average is $48.39 and its two-hundred day moving average is $49.79. 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 $13.85 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.01 and a beta of 0.99. 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 posted its quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.01. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The firm had revenue of $389.62 million during the quarter, compared to analysts’ expectations of $391.54 million. Equities research 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 company also recently disclosed a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a $0.76 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a yield of 6.03%. Gaming and Leisure Properties’s payout ratio is 105.92%.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of institutional investors and hedge funds have recently made changes to their positions in GLPI. Freedom Investment Management Inc. raised its holdings in Gaming and Leisure Properties by 3.8% during the 4th quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 222 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Gaming and Leisure Properties by 8.7% during the 4th quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 226 shares during the period. Opal Wealth Advisors LLC raised its stake in shares of Gaming and Leisure Properties by 4.9% during the fourth quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust’s stock worth $245,000 after buying an additional 238 shares during the last quarter. Seeds Investor LLC lifted its holdings in Gaming and Leisure Properties by 3.6% in the fourth quarter. Seeds Investor LLC now owns 7,350 shares of the real estate investment trust’s stock valued at $354,000 after buying an additional 254 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its stake in Gaming and Leisure Properties by 5.1% in the third quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock valued at $280,000 after acquiring an additional 262 shares during the last quarter. Institutional investors own 91.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stifel Nicolaus increased 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 report on Tuesday, November 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their price target for the company from $49.00 to $54.00 in a report on Wednesday, November 20th. Royal Bank of Canada cut their price objective on Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a report on Monday, February 24th. Mizuho lowered their target price on 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. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price target 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 given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $54.04.

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.