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

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

Gaming and Leisure Properties Trading Up 0.4%

Shares of NASDAQ GLPI traded up $0.17 during mid-day trading on Tuesday, reaching $46.10. 363,414 shares of the company's stock were exchanged, compared to its average volume of 1,322,920. The company's 50-day moving average is $47.24 and its 200-day moving average is $48.38. Gaming and Leisure Properties, Inc. has a 52-week low of $43.20 and a 52-week high of $52.60. 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 firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 2.01 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its earnings results on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, meeting the consensus estimate of $0.96. The company had revenue of $395.24 million for the quarter, compared to the consensus estimate of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The company's revenue was up 5.1% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. Analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 27th. Shareholders of record on Friday, June 13th will be paid a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.12 annualized dividend and a yield of 6.77%. 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

A number of institutional investors and hedge funds have recently made changes to their positions in GLPI. US Bancorp DE lifted its position in shares of Gaming and Leisure Properties by 106.2% during the 4th quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust's stock valued at $2,155,000 after acquiring an additional 23,050 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in Gaming and Leisure Properties by 11.3% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 24,560 shares of the real estate investment trust's stock worth $1,183,000 after purchasing an additional 2,498 shares during the period. Aew Capital Management L P raised its stake in shares of Gaming and Leisure Properties by 1,786.5% in the fourth quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust's stock valued at $36,679,000 after acquiring an additional 721,230 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Gaming and Leisure Properties by 2.5% in the fourth quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust's stock valued at $1,776,000 after acquiring an additional 905 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in Gaming and Leisure Properties in the 4th quarter worth approximately $49,188,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GLPI has been the topic of a number of recent research reports. Wedbush set a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Monday, April 28th. Scotiabank dropped their target price on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating on the stock in a report on Monday, May 12th. Royal Bank of Canada decreased their target price on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Mizuho lowered their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday. Finally, Barclays raised their target price on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "equal weight" rating in a research note on Tuesday, April 22nd. 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.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.