Gaming and Leisure Properties Inc (NASDAQ:GLPI) Director David A. Handler purchased 11,000 shares of the company’s stock in a transaction dated Friday, November 9th. The shares were purchased at an average cost of $33.50 per share, for a total transaction of $368,500.00. Following the transaction, the director now directly owns 323,461 shares in the company, valued at $10,835,943.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of NASDAQ GLPI opened at $32.97 on Wednesday. The firm has a market cap of $7.03 billion, a PE ratio of 10.58, a PEG ratio of 0.84 and a beta of 0.75. The company has a debt-to-equity ratio of 2.31, a quick ratio of 10.00 and a current ratio of 10.00. Gaming and Leisure Properties Inc has a one year low of $32.51 and a one year high of $37.29.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.26). The company had revenue of $254.14 million for the quarter, compared to analysts’ expectations of $255.55 million. Gaming and Leisure Properties had a return on equity of 16.10% and a net margin of 38.95%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period last year, the company posted $0.45 EPS. As a group, research analysts expect that Gaming and Leisure Properties Inc will post 3.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a dividend of $0.68 per share. This is a boost from Gaming and Leisure Properties’s previous quarterly dividend of $0.63. The ex-dividend date is Thursday, December 13th. This represents a $2.72 dividend on an annualized basis and a yield of 8.25%. Gaming and Leisure Properties’s dividend payout ratio is 80.00%.

A number of brokerages have recently commented on GLPI. Morgan Stanley raised Gaming and Leisure Properties from an “equal” rating to a “weight” rating and set a $37.00 price target on the stock in a research report on Tuesday, July 24th. SunTrust Banks reaffirmed a “buy” rating and set a $39.00 price target on shares of Gaming and Leisure Properties in a research report on Tuesday, October 2nd. ValuEngine raised Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Thursday, October 4th. Finally, Nomura began coverage on Gaming and Leisure Properties in a research report on Wednesday, September 26th. They set a “neutral” rating and a $39.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $39.50.

Institutional investors and hedge funds have recently modified their holdings of the stock. Paloma Partners Management Co purchased a new stake in Gaming and Leisure Properties during the 2nd quarter worth about $1,465,000. Allianz Asset Management GmbH lifted its holdings in Gaming and Leisure Properties by 44.3% during the 1st quarter. Allianz Asset Management GmbH now owns 401,603 shares of the real estate investment trust’s stock worth $13,442,000 after purchasing an additional 123,339 shares in the last quarter. Investec Asset Management LTD lifted its holdings in Gaming and Leisure Properties by 12.7% during the 2nd quarter. Investec Asset Management LTD now owns 1,183,404 shares of the real estate investment trust’s stock worth $42,366,000 after purchasing an additional 133,617 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Gaming and Leisure Properties by 9.4% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 49,418 shares of the real estate investment trust’s stock worth $1,769,000 after purchasing an additional 4,253 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its holdings in Gaming and Leisure Properties by 42.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 124,805 shares of the real estate investment trust’s stock worth $4,468,000 after purchasing an additional 37,109 shares in the last quarter. 87.29% of the stock is currently owned by institutional investors and hedge funds.

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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.

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