Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) COO Brandon John Moore Sells 3,982 Shares

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) COO Brandon John Moore sold 3,982 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the sale, the chief operating officer now owns 278,634 shares of the company’s stock, valued at $13,329,850.56. This trade represents a 1.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $47.10 on Wednesday. The stock has a fifty day moving average price of $49.46 and a 200 day moving average price of $49.51. 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 stock has a market cap of $12.92 billion, a PE ratio of 16.47, a P/E/G ratio of 2.13 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.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.25). The firm had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were given a $0.76 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.04 annualized dividend and a dividend yield of 6.45%. Gaming and Leisure Properties’s dividend payout ratio is presently 106.29%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. EP Wealth Advisors LLC grew its holdings in Gaming and Leisure Properties by 0.7% during the 2nd quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust’s stock valued at $1,537,000 after buying an additional 220 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Gaming and Leisure Properties by 8.7% during the fourth quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 226 shares during the last quarter. Ieq Capital LLC increased its position in Gaming and Leisure Properties by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust’s stock worth $4,103,000 after purchasing an additional 257 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in Gaming and Leisure Properties by 5.1% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 262 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in Gaming and Leisure Properties by 3.6% in the 3rd quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock valued at $409,000 after purchasing an additional 278 shares in the last quarter. 91.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on GLPI. Barclays initiated coverage on Gaming and Leisure Properties in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 price objective for the company. Deutsche Bank Aktiengesellschaft raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $49.00 to $54.00 in a report on Wednesday, November 20th. JMP Securities restated a “market outperform” rating and set a $55.00 price objective on shares of Gaming and Leisure Properties in a research report on Wednesday, December 18th. Wells Fargo & Company restated an “equal weight” rating and issued a $52.00 target price (up previously from $51.00) on shares of Gaming and Leisure Properties in a research note on Tuesday, October 1st. Finally, 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. Five analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $54.00.

About Gaming and Leisure Properties

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.