E Scott Urdang Sells 3,000 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $50.39, for a total transaction of $151,170.00. Following the transaction, the director now directly owns 146,800 shares in the company, valued at approximately $7,397,252. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• On Tuesday, October 29th, E Scott Urdang sold 6,885 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $50.16, for a total transaction of $345,351.60.
• On Monday, August 12th, E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $48.89, for a total transaction of $274,028.45.

Gaming and Leisure Properties Price Performance

Shares of GLPI opened at $50.78 on Wednesday. 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 current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm has a market cap of $13.93 billion, a price-to-earnings ratio of 17.76, a PEG ratio of 2.14 and a beta of 0.99. The stock has a 50 day moving average of $51.13 and a 200-day moving average of $47.83.

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

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.76 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a yield of 5.99%. Gaming and Leisure Properties’s payout ratio is currently 106.29%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on GLPI shares. Stifel Nicolaus upped their target price on Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a “buy” rating in a research report on Friday, July 26th. UBS Group increased their price objective on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the company a “buy” rating in a research report on Tuesday, July 16th. Raymond James boosted their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 21st. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a report on Tuesday, October 29th. Finally, Royal Bank of Canada boosted their price objective on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday, July 29th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has an average rating of “Moderate Buy” and an average price target of $52.18.

Hedge Funds Weigh In On Gaming and Leisure Properties

Several institutional investors have recently made changes to their positions in GLPI. Assetmark Inc. boosted its position in Gaming and Leisure Properties by 2,547.6% during the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 535 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Gaming and Leisure Properties in the second quarter valued at $31,000. EdgeRock Capital LLC acquired a new position in shares of Gaming and Leisure Properties during the second quarter valued at $33,000. Versant Capital Management Inc grew its position 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 acquiring an additional 740 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Gaming and Leisure Properties by 142.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 384 shares during the period. 91.14% of the stock is owned by institutional investors.

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.