Brandon John Moore Sells 3,982 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Stock

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) COO Brandon John Moore sold 3,982 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.84, for a total transaction of $190,498.88. Following the sale, the chief operating officer now directly owns 278,634 shares of the company’s stock, valued at approximately $13,329,850.56. The trade was a 1.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Gaming and Leisure Properties Trading Down 0.5 %

Shares of NASDAQ GLPI traded down $0.23 during midday trading on Monday, reaching $47.63. 838,217 shares of the stock were exchanged, compared to its average volume of 1,079,022. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $52.60. The company has a market capitalization of $13.07 billion, a price-to-earnings ratio of 16.65, a P/E/G ratio of 2.13 and a beta of 0.98. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The business has a 50-day simple moving average of $49.60 and a two-hundred day simple moving average of $49.47.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.25). Gaming and Leisure Properties had a return on equity of 17.31% and a net margin of 51.93%. The business had revenue of $385.34 million during the quarter, compared to the consensus estimate of $385.09 million. During the same quarter last year, the company earned $0.92 earnings per share. The firm’s revenue was up 7.2% compared to the same quarter last year. As a group, equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.76 per share. The ex-dividend date of this dividend was Friday, December 6th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.38%. Gaming and Leisure Properties’s payout ratio is 106.29%.

Analyst Ratings Changes

GLPI has been the subject of several research analyst reports. Wells Fargo & Company reiterated an “equal weight” rating and issued a $52.00 price objective (up previously from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. Mizuho cut their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a report on Thursday, November 14th. JPMorgan Chase & Co. raised shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $49.00 to $54.00 in a report on Friday, December 13th. StockNews.com downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, JMP Securities reissued a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, Gaming and Leisure Properties presently has an average rating of “Moderate Buy” and an average target price of $54.00.

Institutional Investors Weigh In On Gaming and Leisure Properties

Several institutional investors have recently added to or reduced their stakes in GLPI. Central Pacific Bank Trust Division lifted its holdings in shares of Gaming and Leisure Properties by 94.9% in the fourth quarter. Central Pacific Bank Trust Division now owns 4,107 shares of the real estate investment trust’s stock valued at $198,000 after purchasing an additional 2,000 shares in the last quarter. GAMMA Investing LLC lifted its stake in Gaming and Leisure Properties by 8.7% in the 4th quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock valued at $136,000 after acquiring an additional 226 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Gaming and Leisure Properties by 13.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,503,392 shares of the real estate investment trust’s stock worth $77,350,000 after acquiring an additional 173,810 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of Gaming and Leisure Properties by 1.6% during the 3rd quarter. Retirement Systems of Alabama now owns 741,120 shares of the real estate investment trust’s stock worth $38,131,000 after acquiring an additional 11,822 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Gaming and Leisure Properties by 7.8% in the third quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust’s stock valued at $641,059,000 after purchasing an additional 889,698 shares during the last quarter. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.