Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director Sells $139,620.00 in Stock

Key Points

• Director E Scott Urdang of Gaming and Leisure Properties, Inc. sold 3,000 shares for $139,620, reducing his position by 2.19% to a total of 133,953 shares valued at approximately $6.23 million.
• The company's recent quarterly earnings reported an EPS of $0.96, slightly missing analysts' expectations, alongside a revenue of $394.9 million, which was also below forecasts.
• Gaming and Leisure Properties declared an increased quarterly dividend of $0.78 per share, reflecting a 6.7% yield and a payout ratio of 120.93%.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Get Free Report) Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the transaction, the director owned 133,953 shares in the company, valued at approximately $6,234,172.62. The trade was a 2.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, June 13th, E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock. The stock was sold at an average price of $46.58, for a total transaction of $186,320.00.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI traded down $0.18 during midday trading on Wednesday, reaching $46.35. 116,657 shares of the company were exchanged, compared to its average volume of 1,458,990. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. The business's fifty day moving average is $46.90 and its two-hundred day moving average is $48.04. Gaming and Leisure Properties, Inc. has a one year low of $44.48 and a one year high of $52.60. The stock has a market cap of $13.12 billion, a PE ratio of 17.98, a price-to-earnings-growth ratio of 10.23 and a beta of 0.71.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). The business had revenue of $394.90 million for the quarter, compared to analysts' expectations of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. Gaming and Leisure Properties's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.94 EPS. As a group, analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were paid a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, June 13th. This is a positive change from Gaming and Leisure Properties's previous quarterly dividend of $0.76. This represents a $3.12 dividend on an annualized basis and a yield of 6.7%. Gaming and Leisure Properties's payout ratio is currently 120.93%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Stifel Nicolaus cut shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price for the company. in a report on Monday, July 21st. Wells Fargo & Company decreased their target price on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating for the company in a report on Monday, June 2nd. Macquarie decreased their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a report on Monday, July 28th. Royal Bank Of Canada decreased their price objective on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a report on Monday, July 28th. Finally, Mizuho decreased their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, June 16th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $53.16.

Institutional Investors Weigh In On Gaming and Leisure Properties

A number of hedge funds have recently bought and sold shares of GLPI. Alpine Bank Wealth Management purchased a new stake in shares of Gaming and Leisure Properties in the first quarter valued at $26,000. TD Private Client Wealth LLC raised its stake in shares of Gaming and Leisure Properties by 64.2% in the first quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 213 shares during the period. Private Trust Co. NA purchased a new stake in shares of Gaming and Leisure Properties in the first quarter valued at $28,000. V Square Quantitative Management LLC purchased a new position in Gaming and Leisure Properties in the 2nd quarter worth about $30,000. Finally, Cullen Frost Bankers Inc. increased its stake in Gaming and Leisure Properties by 1,872.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 651 shares of the real estate investment trust's stock worth $33,000 after buying an additional 618 shares during the period. Hedge funds and other 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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