Gaming and Leisure Properties Inc. (NASDAQ:GLPI) SVP Steven T. Snyder sold 181,843 shares of the stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $30.20, for a total value of $5,491,658.60. Following the completion of the transaction, the senior vice president now directly owns 349,225 shares of the company’s stock, valued at approximately $10,546,595. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Shares of Gaming and Leisure Properties Inc. (NASDAQ:GLPI) opened at 31.03 on Wednesday. Gaming and Leisure Properties Inc. has a 52 week low of $24.21 and a 52 week high of $35.98. The stock has a market capitalization of $6.36 billion, a P/E ratio of 24.86 and a beta of 1.00. The firm’s 50-day moving average price is $31.84 and its 200 day moving average price is $33.61.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Tuesday, November 8th. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by $0.33. Gaming and Leisure Properties had a net margin of 31.38% and a return on equity of 20.85%. The company had revenue of $233.30 million for the quarter, compared to the consensus estimate of $234.49 million. During the same period in the prior year, the firm posted $0.69 EPS. The business’s revenue was up 57.8% on a year-over-year basis. Analysts expect that Gaming and Leisure Properties Inc. will post $2.98 earnings per share for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, December 16th. Stockholders 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 dividend yield of 7.74%. The ex-dividend date of this dividend is Thursday, December 1st. Gaming and Leisure Properties’s dividend payout ratio is presently 177.78%.

Several hedge funds have recently bought and sold shares of GLPI. TLP Group LLC increased its stake in Gaming and Leisure Properties by 116.3% in the third quarter. TLP Group LLC now owns 3,595 shares of the company’s stock valued at $120,000 after buying an additional 1,933 shares in the last quarter. American International Group Inc. increased its stake in Gaming and Leisure Properties by 5.1% in the second quarter. American International Group Inc. now owns 4,615 shares of the company’s stock valued at $159,000 after buying an additional 225 shares in the last quarter. D.A. Davidson & CO. increased its stake in Gaming and Leisure Properties by 365.6% in the third quarter. D.A. Davidson & CO. now owns 5,047 shares of the company’s stock valued at $168,000 after buying an additional 3,963 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Gaming and Leisure Properties during the third quarter valued at $189,000. Finally, CIBC Asset Management Inc bought a new stake in Gaming and Leisure Properties during the second quarter valued at $202,000. 88.88% of the stock is owned by hedge funds and other institutional investors.

GLPI has been the subject of several research reports. Morgan Stanley raised Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $36.00 to $38.00 in a research report on Wednesday, September 7th. TheStreet raised Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, October 11th. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a research report on Friday, November 11th. Deutsche Bank AG increased their target price on Gaming and Leisure Properties from $38.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, August 10th. Finally, Buckingham Research started coverage on Gaming and Leisure Properties in a research note on Tuesday. They issued a “neutral” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Gaming and Leisure Properties currently has an average rating of “Buy” and an average price target of $34.44.

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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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