Gaming and Leisure Properties, Inc. (GLPI) Director Barry F. Schwartz Buys 10,000 Shares

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director Barry F. Schwartz bought 10,000 shares of the stock in a transaction on Friday, June 16th. The stock was purchased at an average price of $36.44 per share, for a total transaction of $364,400.00. Following the purchase, the director now directly owns 14,804 shares of the company’s stock, valued at $539,457.76. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) traded up 1.00% during mid-day trading on Tuesday, hitting $37.37. The stock had a trading volume of 1,013,404 shares. Gaming and Leisure Properties, Inc. has a 52 week low of $29.32 and a 52 week high of $37.37. The company has a market capitalization of $7.78 billion, a P/E ratio of 21.68 and a beta of 0.90. The stock’s 50-day moving average is $36.15 and its 200 day moving average is $32.95.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, April 27th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Gaming and Leisure Properties had a return on equity of 16.42% and a net margin of 38.01%. The business had revenue of $242.71 million during the quarter, compared to analysts’ expectations of $240.88 million. During the same quarter last year, the company posted $0.27 earnings per share. Gaming and Leisure Properties’s quarterly revenue was up 63.1% on a year-over-year basis. Equities analysts forecast that Gaming and Leisure Properties, Inc. will post $1.81 earnings per share for the current fiscal year.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 16th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 6.64%. The ex-dividend date of this dividend is Wednesday, June 14th. Gaming and Leisure Properties’s payout ratio is currently 144.19%.

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A number of institutional investors have recently bought and sold shares of GLPI. Ladenburg Thalmann Financial Services Inc. boosted its position in Gaming and Leisure Properties by 9.6% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,331 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 291 shares during the last quarter. Penserra Capital Management LLC boosted its position in Gaming and Leisure Properties by 99.2% in the first quarter. Penserra Capital Management LLC now owns 4,474 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 2,228 shares during the last quarter. Geneva Advisors LLC acquired a new position in Gaming and Leisure Properties during the first quarter worth approximately $201,000. Vident Investment Advisory LLC acquired a new position in Gaming and Leisure Properties during the first quarter worth approximately $201,000. Finally, Neuberger Berman Group LLC acquired a new position in Gaming and Leisure Properties during the first quarter worth approximately $205,000. Institutional investors and hedge funds own 90.15% of the company’s stock.

A number of research analysts have commented on GLPI shares. Deutsche Bank AG boosted their target price on Gaming and Leisure Properties from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Zacks Investment Research downgraded Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. BidaskClub downgraded Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 10th. Ladenburg Thalmann Financial Services started coverage on Gaming and Leisure Properties in a research note on Friday, June 2nd. They issued a “buy” rating and a $41.00 target price on the stock. Finally, TheStreet upgraded Gaming and Leisure Properties from a “c+” rating to a “b” rating in a research note on Monday, May 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $38.00.

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. Its segments include GLP Capital, L.P.

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