Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Director E Scott Urdang purchased 5,000 shares of Gaming and Leisure Properties stock in a transaction dated Monday, October 30th. The shares were bought at an average cost of $36.23 per share, for a total transaction of $181,150.00. Following the transaction, the director now directly owns 55,241 shares of the company’s stock, valued at approximately $2,001,381.43. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) traded up 1.16% during trading on Tuesday, reaching $36.58. 168,190 shares of the company’s stock were exchanged. Gaming and Leisure Properties, Inc. has a 52-week low of $29.32 and a 52-week high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.45. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.44%. The company had revenue of $244.50 million for the quarter, compared to the consensus estimate of $243.66 million. During the same quarter in the previous year, the firm posted $0.43 EPS. The business’s revenue was up 4.8% compared to the same quarter last year. Analysts anticipate that Gaming and Leisure Properties, Inc. will post $1.80 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $2.52 annualized dividend and a dividend yield of 6.97%. Gaming and Leisure Properties’s payout ratio is 140.00%.

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Large investors have recently bought and sold shares of the company. Teacher Retirement System of Texas boosted its position in shares of Gaming and Leisure Properties by 1.2% during the 2nd quarter. Teacher Retirement System of Texas now owns 15,767 shares of the real estate investment trust’s stock valued at $594,000 after acquiring an additional 188 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Gaming and Leisure Properties by 1.7% during the 1st quarter. Prudential Financial Inc. now owns 11,701 shares of the real estate investment trust’s stock valued at $391,000 after acquiring an additional 200 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its position in shares of Gaming and Leisure Properties by 0.5% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 47,247 shares of the real estate investment trust’s stock valued at $1,780,000 after acquiring an additional 253 shares in the last quarter. Royal Bank of Canada boosted its position in shares of Gaming and Leisure Properties by 2.4% during the 2nd quarter. Royal Bank of Canada now owns 14,795 shares of the real estate investment trust’s stock valued at $557,000 after acquiring an additional 352 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in shares of Gaming and Leisure Properties by 0.7% during the 2nd quarter. Nisa Investment Advisors LLC now owns 62,179 shares of the real estate investment trust’s stock valued at $2,327,000 after acquiring an additional 450 shares in the last quarter. Institutional investors own 89.69% of the company’s stock.

GLPI has been the topic of several research analyst reports. BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. Stifel Nicolaus reaffirmed a “hold” rating and set a $39.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, July 28th. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $38.00 price target on shares of Gaming and Leisure Properties in a research report on Tuesday, October 24th. Finally, Barclays PLC increased their price target on shares of Gaming and Leisure Properties from $40.00 to $44.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $38.67.

About Gaming and Leisure Properties

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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