Gaming and Leisure Properties Target of Unusually High Options Trading (NASDAQ:GLPI)

Gaming and Leisure Properties Inc (NASDAQ:GLPI) was the target of unusually large options trading on Wednesday. Traders acquired 2,848 call options on the stock. This is an increase of approximately 1,892% compared to the typical daily volume of 143 call options.

In other Gaming and Leisure Properties news, CAO Desiree A. Burke sold 41,458 shares of the business’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $39.06, for a total value of $1,619,349.48. Following the transaction, the chief accounting officer now owns 119,264 shares of the company’s stock, valued at $4,658,451.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.88% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of GLPI. Signaturefd LLC lifted its holdings in Gaming and Leisure Properties by 100.3% during the 1st quarter. Signaturefd LLC now owns 721 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 361 shares in the last quarter. Parallel Advisors LLC lifted its holdings in Gaming and Leisure Properties by 50.6% during the 4th quarter. Parallel Advisors LLC now owns 905 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 304 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in Gaming and Leisure Properties by 39.9% during the 1st quarter. Quadrant Capital Group LLC now owns 988 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 282 shares in the last quarter. Ffcm LLC lifted its holdings in Gaming and Leisure Properties by 72.4% during the 4th quarter. Ffcm LLC now owns 1,141 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 479 shares in the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in Gaming and Leisure Properties during the 1st quarter worth about $37,000. 88.31% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ GLPI opened at $40.39 on Thursday. Gaming and Leisure Properties has a one year low of $31.19 and a one year high of $40.69. The company has a debt-to-equity ratio of 2.72, a quick ratio of 2.99 and a current ratio of 2.99. The firm has a market cap of $8.66 billion, a PE ratio of 12.70, a PEG ratio of 0.97 and a beta of 0.58.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $2.72 dividend on an annualized basis and a yield of 6.73%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 85.53%.

A number of brokerages have recently commented on GLPI. Zacks Investment Research cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Friday, February 15th. BidaskClub cut Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Credit Suisse Group reaffirmed an “outperform” rating and set a $41.00 price target on shares of Gaming and Leisure Properties in a research report on Wednesday, March 20th. Stifel Nicolaus raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their price target for the company from $39.00 to $43.00 in a research report on Monday, April 15th. Finally, Morgan Stanley upped their price target on Gaming and Leisure Properties from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $42.80.

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Gaming and Leisure Properties Company Profile

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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