E Scott Urdang Sells 4,000 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $46.58, for a total transaction of $186,320.00. Following the transaction, the director now owns 136,953 shares in the company, valued at approximately $6,379,270.74. The trade was a 2.84% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Gaming and Leisure Properties Stock Up 0.4%

GLPI opened at $46.10 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.12 and a current ratio of 4.12. The firm has a market cap of $12.67 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 3.18 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a twelve month low of $43.44 and a twelve month high of $52.60. The firm’s 50-day simple moving average is $47.21 and its 200-day simple moving average is $48.36.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 EPS for the quarter, hitting analysts’ consensus estimates of $0.96. The business had revenue of $395.24 million for the quarter, compared to analyst estimates of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.02% and a net margin of 50.41%. Gaming and Leisure Properties’s revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.92 EPS. Equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 6.77%. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.76. Gaming and Leisure Properties’s dividend payout ratio is presently 111.03%.

Institutional Trading of Gaming and Leisure Properties

Large investors have recently made changes to their positions in the business. Alpine Bank Wealth Management bought a new stake in Gaming and Leisure Properties during the 1st quarter worth about $26,000. TD Private Client Wealth LLC grew its holdings in Gaming and Leisure Properties by 64.2% during the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock worth $28,000 after acquiring an additional 213 shares during the last quarter. Private Trust Co. NA bought a new stake in shares of Gaming and Leisure Properties during the first quarter valued at approximately $28,000. Cullen Frost Bankers Inc. grew its stake in shares of Gaming and Leisure Properties by 1,872.7% during the first quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 618 shares during the last quarter. Finally, Wayfinding Financial LLC bought a new stake in shares of Gaming and Leisure Properties during the first quarter valued at approximately $33,000. Institutional investors own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

GLPI has been the topic of several research reports. Wells Fargo & Company lowered their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Monday, June 2nd. Mizuho lowered their price objective on Gaming and Leisure Properties from $53.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday. Barclays boosted their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 22nd. Wedbush set a $55.00 price objective on Gaming and Leisure Properties in a research report on Monday, April 28th. Finally, Royal Bank Of Canada lowered their price target on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $54.17.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in the provision of 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.