Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang Sells 5,605 Shares

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 5,605 shares of the business’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $48.89, for a total value of $274,028.45. Following the transaction, the director now owns 156,685 shares of the company’s stock, valued at approximately $7,660,329.65. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $49.10 on Wednesday. The company has a market capitalization of $13.33 billion, a PE ratio of 18.12, a price-to-earnings-growth ratio of 5.14 and a beta of 0.98. The company has a debt-to-equity ratio of 1.49, a quick ratio of 5.91 and a current ratio of 5.91. The stock has a fifty day moving average of $46.50 and a 200-day moving average of $45.42. Gaming and Leisure Properties, Inc. has a one year low of $41.80 and a one year high of $50.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.15). The company had revenue of $380.60 million for the quarter, compared to analysts’ expectations of $377.95 million. Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The company’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 earnings per share. As a group, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were given a $0.76 dividend. The ex-dividend date was Friday, June 7th. This represents a $3.04 annualized dividend and a dividend yield of 6.19%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 112.18%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company decreased their target price on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set an “equal weight” rating for the company in a research report on Thursday, May 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a report on Monday, July 29th. Wedbush reissued an “outperform” rating and set a $51.00 target price on shares of Gaming and Leisure Properties in a report on Friday, May 17th. UBS Group increased their price target on Gaming and Leisure Properties from $56.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Finally, StockNews.com raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Friday, July 19th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.38.

Institutional Trading of Gaming and Leisure Properties

A number of hedge funds have recently modified their holdings of GLPI. Headlands Technologies LLC purchased a new position in shares of Gaming and Leisure Properties during the fourth quarter valued at $30,000. Ashton Thomas Private Wealth LLC purchased a new position in Gaming and Leisure Properties during the 2nd quarter valued at about $31,000. EdgeRock Capital LLC acquired a new position in shares of Gaming and Leisure Properties in the 2nd quarter valued at about $33,000. MCF Advisors LLC lifted its position in shares of Gaming and Leisure Properties by 416.7% in the first quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 600 shares in the last quarter. Finally, Versant Capital Management Inc boosted its holdings in shares of Gaming and Leisure Properties by 18,500.0% during the second quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 740 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Company Profile

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.