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 company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total value of $190,498.88. Following the completion of the transaction, the chief operating officer now directly owns 278,634 shares in the company, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Gaming and Leisure Properties Trading Down 1.1 %

NASDAQ GLPI opened at $47.10 on Wednesday. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $52.60. The firm has a 50 day moving average of $49.46 and a two-hundred day moving average of $49.51. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The stock has a market capitalization of $12.92 billion, a PE ratio of 16.47, a price-to-earnings-growth ratio of 2.13 and a beta of 0.99.

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

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 paid a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 6.45%. The ex-dividend date was Friday, December 6th. Gaming and Leisure Properties’s payout ratio is 106.29%.

Hedge Funds Weigh In On Gaming and Leisure Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assetmark Inc. lifted its position in shares of Gaming and Leisure Properties by 2,547.6% during the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 535 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in Gaming and Leisure Properties in the second quarter valued at $31,000. Farther Finance Advisors LLC boosted its stake in Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 384 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Gaming and Leisure Properties by 578.4% during the second quarter. EverSource Wealth Advisors LLC now owns 692 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 590 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its position in shares of Gaming and Leisure Properties by 3,191.3% during the third quarter. Abich Financial Wealth Management LLC now owns 757 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 734 shares in the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

GLPI has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their target price for the company from $49.00 to $54.00 in a research report on Wednesday, November 20th. Stifel Nicolaus increased their price objective on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Wells Fargo & Company reissued an “equal weight” rating and issued a $52.00 target price (up previously from $51.00) on shares of Gaming and Leisure Properties in a research report on Tuesday, October 1st. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, Barclays started coverage on Gaming and Leisure Properties in a report on Tuesday, December 17th. They issued an “equal weight” rating and a $54.53 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $54.00.

About Gaming and Leisure Properties

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.