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

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total value of $254,450.00. Following the completion of the sale, the director now owns 140,953 shares in the company, valued at approximately $7,173,098.17. This represents a 3.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• On Tuesday, February 25th, E Scott Urdang sold 5,000 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $49.72, for a total transaction of $248,600.00.

Gaming and Leisure Properties Stock Performance

Gaming and Leisure Properties stock traded up $0.03 during trading on Tuesday, reaching $50.67. The company had a trading volume of 2,142,946 shares, compared to its average volume of 1,195,375. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 2.01 and a beta of 1.00. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm’s 50-day simple moving average is $48.64 and its 200 day simple moving average is $49.81. 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 quarterly earnings data on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.01. The business had revenue of $389.62 million during the quarter, compared to analyst estimates of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. Sell-side 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 declared a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 6.00%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is presently 105.92%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company upped their price objective on shares of Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an “equal weight” rating in a report on Monday. Stifel Nicolaus raised their price objective on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $49.00 to $54.00 in a research report on Friday, December 13th. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their target price for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Finally, JMP Securities restated a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.96.

Institutional Trading of Gaming and Leisure Properties

A number of large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its position in Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 384 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Gaming and Leisure Properties by 2,547.6% in the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 535 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Gaming and Leisure Properties by 16.0% in the 3rd quarter. Atria Investments Inc now owns 19,668 shares of the real estate investment trust’s stock worth $1,012,000 after buying an additional 2,710 shares during the last quarter. Mesirow Financial Investment Management Inc. bought a new position in shares of Gaming and Leisure Properties in the 3rd quarter valued at about $217,000. Finally, Los Angeles Capital Management LLC purchased a new position in Gaming and Leisure Properties in the third quarter worth about $3,215,000. 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.