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 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 completion of the sale, the director now owns 145,953 shares of the company’s stock, valued at approximately $7,256,783.16. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Gaming and Leisure Properties Stock Up 0.6 %

Shares of NASDAQ:GLPI traded up $0.31 during midday trading on Wednesday, reaching $49.80. 1,005,372 shares of the company were exchanged, compared to its average volume of 1,196,807. The firm has a market cap of $13.66 billion, a PE ratio of 17.35, a P/E/G ratio of 2.01 and a beta of 0.99. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $52.60. The stock has a fifty day simple moving average of $48.13 and a two-hundred day simple moving average of $49.77.

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, topping the consensus estimate of $0.94 by $0.01. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The company had revenue of $389.62 million during the quarter, compared to analysts’ expectations of $391.54 million. As a group, sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

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

Wall Street Analyst Weigh In

GLPI has been the subject of several analyst reports. Royal Bank of Canada lowered their price target on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a research report on Monday. Morgan Stanley lowered Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 target price on the stock. in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $49.00 to $54.00 in a research report on Wednesday, November 20th. Mizuho lowered their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Finally, JMP Securities reissued a “market outperform” rating and set 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 stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $54.15.

Institutional Trading of Gaming and Leisure Properties

A number of institutional investors have recently made changes to their positions in the business. Toronto Dominion Bank grew its position in Gaming and Leisure Properties by 2.5% in the fourth quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust’s stock valued at $1,776,000 after purchasing an additional 905 shares in the last quarter. GF Fund Management CO. LTD. bought a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at about $240,000. Neo Ivy Capital Management acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at about $3,371,000. Novem Group bought a new stake in Gaming and Leisure Properties during the fourth quarter worth about $786,000. Finally, Sophron Capital Management L.P. acquired a new position in Gaming and Leisure Properties during the fourth quarter valued at approximately $1,030,000. Institutional investors own 91.14% of the company’s stock.

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.