Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk Sells 17,617 Shares

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) SVP Matthew Demchyk sold 17,617 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.40, for a total transaction of $870,279.80. Following the sale, the senior vice president now owns 54,140 shares of the company’s stock, valued at $2,674,516. This represents a 24.55 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Matthew Demchyk also recently made the following trade(s):

• On Tuesday, January 21st, Matthew Demchyk sold 10,474 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $48.62, for a total value of $509,245.88.
• On Thursday, January 2nd, Matthew Demchyk sold 1,149 shares of Gaming and Leisure Properties stock. The shares were sold at an average price of $47.80, for a total value of $54,922.20.

Gaming and Leisure Properties Trading Down 1.8 %

NASDAQ:GLPI opened at $48.04 on Thursday. The firm has a market capitalization of $13.18 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.96 and a beta of 0.99. The business has a 50 day simple moving average of $48.80 and a 200 day simple moving average of $49.80. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties, Inc. has a 12-month low of $41.80 and a 12-month high of $52.60.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 6.33%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s dividend payout ratio is currently 106.29%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. EP Wealth Advisors LLC lifted its stake in shares of Gaming and Leisure Properties by 0.7% in the 2nd quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust’s stock worth $1,537,000 after acquiring an additional 220 shares during the period. GAMMA Investing LLC raised its holdings in Gaming and Leisure Properties by 8.7% during the fourth quarter. GAMMA Investing LLC now owns 2,826 shares of the real estate investment trust’s stock worth $136,000 after purchasing an additional 226 shares in the last quarter. Opal Wealth Advisors LLC lifted its position in Gaming and Leisure Properties by 4.9% in the fourth quarter. Opal Wealth Advisors LLC now owns 5,082 shares of the real estate investment trust’s stock worth $245,000 after purchasing an additional 238 shares during the period. Integrated Wealth Concepts LLC boosted its stake in Gaming and Leisure Properties by 5.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 5,433 shares of the real estate investment trust’s stock valued at $280,000 after purchasing an additional 262 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in shares of Gaming and Leisure Properties by 3.6% during the 3rd quarter. CIBC Asset Management Inc now owns 7,948 shares of the real estate investment trust’s stock valued at $409,000 after purchasing an additional 278 shares during the period. 91.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Mizuho lowered their price target on Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating on the stock in a report on Thursday, November 14th. Stifel Nicolaus lifted their target price on Gaming and Leisure Properties from $53.25 to $57.50 and gave the company a “buy” rating in a research note on Tuesday, November 26th. StockNews.com lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Monday, October 28th. JMP Securities reaffirmed a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, December 18th. Finally, Barclays assumed coverage on shares of Gaming and Leisure Properties in a research report on Tuesday, December 17th. They set an “equal weight” rating and a $54.53 price objective for the company. 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 MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $53.93.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in 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.