Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) Director E Scott Urdang sold 5,000 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $49.72, for a total transaction of $248,600.00. Following the sale, the director now owns 145,953 shares of the company's stock, valued at $7,256,783.16. This trade represents a 3.31 % 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 Up 0.6 %
GLPI stock opened at $49.80 on Thursday. 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 company's 50-day moving average price is $48.18 and its 200 day moving average price is $49.77. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60. The company has a market cap of $13.69 billion, a P/E ratio of 17.35, a P/E/G ratio of 2.01 and a beta of 0.99.
Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $389.62 million during the quarter, compared to the consensus estimate of $391.54 million. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. On average, research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.
Gaming and Leisure Properties Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 28th. Shareholders of record on Friday, March 14th will be given a dividend of $0.76 per share. The ex-dividend date is Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a yield of 6.10%. Gaming and Leisure Properties's payout ratio is 105.92%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in GLPI. Assetmark Inc. grew its stake in 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 valued at $29,000 after acquiring an additional 535 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at about $31,000. Farther Finance Advisors LLC lifted its holdings in shares of 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 valued at $34,000 after purchasing an additional 384 shares in the last quarter. CKW Financial Group increased its stake in shares of Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 300 shares in the last quarter. Finally, Abich Financial Wealth Management LLC increased its stake in shares of Gaming and Leisure Properties by 3,191.3% during the 3rd quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 734 shares in the last quarter. Hedge funds and other institutional investors own 91.14% of the company's stock.
Wall Street Analyst Weigh In
Several research firms have commented on GLPI. Barclays started coverage on Gaming and Leisure Properties in a research note on Tuesday, December 17th. They set an "equal weight" rating and a $54.53 price objective for the company. JMP Securities restated 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. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating and lifted their price objective for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. Scotiabank cut their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a "sector perform" rating for the company in a research report on Thursday, January 16th. Finally, Mizuho reduced their target price on shares of 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. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat, Gaming and Leisure Properties has a consensus rating of "Moderate Buy" and an average price target of $54.15.
Read Our Latest Stock Report on Gaming and Leisure Properties
Gaming and Leisure Properties Company Profile
(
Get Free Report)
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.
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