Gaming and Leisure Properties Inc. (NASDAQ:GLPI) Director E Scott Urdang purchased 16,000 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The shares were purchased at an average price of $30.20 per share, for a total transaction of $483,200.00. Following the purchase, the director now directly owns 44,525 shares in the company, valued at $1,344,655. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Shares of Gaming and Leisure Properties Inc. (NASDAQ:GLPI) opened at 30.24 on Friday. The stock has a 50 day moving average price of $0.00 and a 200 day moving average price of $0.00. Gaming and Leisure Properties Inc. has a 12-month low of $24.21 and a 12-month high of $35.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.33. Gaming and Leisure Properties had a return on equity of 20.85% and a net margin of 31.38%. The business earned $233.30 million during the quarter, compared to analyst estimates of $234.49 million. During the same quarter last year, the firm posted $0.69 EPS. The company’s revenue was up 57.8% compared to the same quarter last year. On average, equities research analysts anticipate that Gaming and Leisure Properties Inc. will post $2.98 EPS for the current year.

Insider Buying and Selling by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 16th. Shareholders of record on Monday, December 5th will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 7.94%. The ex-dividend date of this dividend is Thursday, December 1st. Gaming and Leisure Properties’s payout ratio is currently 177.78%.

A number of hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC boosted its stake in shares of Gaming and Leisure Properties by 118.2% in the second quarter. Nisa Investment Advisors LLC now owns 72,999 shares of the company’s stock valued at $2,517,000 after buying an additional 39,545 shares during the last quarter. Private Bank & Trust Co. boosted its stake in shares of Gaming and Leisure Properties by 1.3% in the second quarter. Private Bank & Trust Co. now owns 21,280 shares of the company’s stock valued at $734,000 after buying an additional 280 shares during the last quarter. Berson & Corrado Investment Advisors LLC boosted its stake in shares of Gaming and Leisure Properties by 1.6% in the second quarter. Berson & Corrado Investment Advisors LLC now owns 31,185 shares of the company’s stock valued at $1,075,000 after buying an additional 485 shares during the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of Gaming and Leisure Properties by 398.6% in the second quarter. BNP Paribas Arbitrage SA now owns 66,577 shares of the company’s stock valued at $2,296,000 after buying an additional 53,224 shares during the last quarter. Finally, Babson Capital Management LLC purchased a new stake in shares of Gaming and Leisure Properties during the first quarter valued at about $2,127,000. Hedge funds and other institutional investors own 88.74% of the company’s stock.

A number of research firms recently issued reports on GLPI. Zacks Investment Research upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Friday, November 11th. TheStreet upgraded Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, October 11th. Morgan Stanley upgraded Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $36.00 to $38.00 in a research note on Wednesday, September 7th. Finally, Deutsche Bank AG lifted their target price on Gaming and Leisure Properties from $38.00 to $40.00 and gave the company a “buy” rating in a research note on Wednesday, August 10th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $34.44.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. The Company’s segments include GLP Capital, L.P.

5 Day Chart for NASDAQ:GLPI

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