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 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 completion of the sale, the director now directly owns 136,953 shares in the company, valued at approximately $6,379,270.74. This trade represents a 2.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock traded up $0.29 during midday trading on Thursday, hitting $46.39. The company's stock had a trading volume of 905,074 shares, compared to its average volume of 1,326,668. Gaming and Leisure Properties, Inc. has a 12 month low of $43.44 and a 12 month high of $52.60. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $12.75 billion, a PE ratio of 16.51, a price-to-earnings-growth ratio of 3.19 and a beta of 0.72. The stock's 50-day moving average price is $47.18 and its 200-day moving average price is $48.35.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.96. Gaming and Leisure Properties had a net margin of 50.41% and a return on equity of 17.02%. The company had revenue of $395.24 million for the quarter, compared to analysts' expectations of $396.27 million. During the same quarter in the previous year, the company posted $0.92 EPS. The business's revenue was up 5.1% compared to the same quarter last year. 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 disclosed a quarterly dividend, which will be paid on Friday, June 27th. Stockholders of record on Friday, June 13th will be given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date of this dividend is Friday, June 13th. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's dividend payout ratio is 111.03%.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several large investors have recently modified their holdings of the stock. GF Fund Management CO. LTD. lifted its holdings in shares of Gaming and Leisure Properties by 4.2% during the first quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust's stock valued at $265,000 after purchasing an additional 211 shares during the last quarter. TD Private Client Wealth LLC increased its stake in Gaming and Leisure Properties by 64.2% in the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 213 shares in the last quarter. Pure Financial Advisors LLC raised its holdings in Gaming and Leisure Properties by 2.6% during the 1st quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust's stock worth $442,000 after buying an additional 221 shares during the period. Freedom Investment Management Inc. raised its holdings in Gaming and Leisure Properties by 3.8% during the 4th quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust's stock worth $292,000 after buying an additional 222 shares during the period. Finally, Woodward Diversified Capital LLC lifted its stake in Gaming and Leisure Properties by 5.8% during the first quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust's stock valued at $224,000 after buying an additional 243 shares in the last quarter. 91.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Wells Fargo & Company dropped their price target on shares of 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. Scotiabank decreased their price objective on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a report on Monday, May 12th. Mizuho lowered their target price 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. Royal Bank Of Canada reduced their price target 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. Finally, Barclays increased their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 22nd. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus 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.