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

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 dated Friday, June 13th. The shares were sold at an average price of $46.58, for a total value of $186,320.00. Following the completion of the sale, the director now owns 136,953 shares in the company, valued at approximately $6,379,270.74. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Gaming and Leisure Properties Stock Down 0.1%

Gaming and Leisure Properties stock traded down $0.03 during mid-day trading on Monday, hitting $46.17. The company had a trading volume of 146,479 shares, compared to its average volume of 1,323,286. 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 has a market capitalization of $12.69 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 2.01 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a 12 month low of $43.20 and a 12 month high of $52.60. The stock's 50 day moving average price is $47.24 and its two-hundred day moving average price is $48.42.

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 EPS for the quarter, meeting analysts' consensus estimates of $0.96. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The business had revenue of $395.24 million during the quarter, compared to analysts' expectations of $396.27 million. During the same period in the prior year, the company earned $0.92 earnings per share. The firm's revenue was up 5.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 27th. Investors of record on Friday, June 13th will be paid a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a yield of 6.76%. This is a boost from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date is Friday, June 13th. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 111.03%.

Analysts Set New Price Targets

GLPI has been the subject of a number of research reports. Royal Bank of Canada cut their target price on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Macquarie restated an "outperform" rating and issued a $60.00 price target on shares of Gaming and Leisure Properties in a research note on Friday, April 25th. Barclays boosted their target price on shares of 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. Mizuho raised their target price on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Finally, Wedbush set a $55.00 price objective on Gaming and Leisure Properties in a research note on Monday, April 28th. Six research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $54.50.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several large investors have recently bought and sold shares of the business. Dodge & Cox lifted its holdings in Gaming and Leisure Properties by 75.3% in the 4th quarter. Dodge & Cox now owns 13,498,634 shares of the real estate investment trust's stock valued at $650,094,000 after purchasing an additional 5,797,299 shares in the last quarter. Franklin Resources Inc. grew its holdings in shares of Gaming and Leisure Properties by 4.7% in the fourth quarter. Franklin Resources Inc. now owns 12,830,944 shares of the real estate investment trust's stock valued at $617,938,000 after purchasing an additional 571,720 shares in the last quarter. Wellington Management Group LLP raised its position in Gaming and Leisure Properties by 3.1% in the 1st quarter. Wellington Management Group LLP now owns 11,556,825 shares of the real estate investment trust's stock valued at $588,242,000 after purchasing an additional 349,065 shares in the last quarter. Geode Capital Management LLC lifted its stake in Gaming and Leisure Properties by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 6,245,884 shares of the real estate investment trust's stock worth $300,395,000 after acquiring an additional 165,024 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Gaming and Leisure Properties by 1.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 4,766,108 shares of the real estate investment trust's stock valued at $242,597,000 after buying an additional 77,562 shares during the last quarter. Institutional investors own 91.14% of the company's stock.

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.

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