Gaming & Leisure Properties, Inc. (GLPI): Peter M Carlino , Chairman & CEO of Gaming & Leisure Properties, Inc. sold 216,093 shares on Jul 11, 2016. The Insider selling transaction was reported by the company on Jul 13, 2016 to the Securities and Exchange Commission. The shares were sold at $34.96 per share for a total value of $7,553,947.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 11, 2016, Peter M Carlino (Chairman & CEO) sold 235,821 shares at $34.90 per share price.On Jul 8, 2016, William J Clifford (Sr VP-Chief Financial Officer) sold 100,000 shares at $35.00 per share price.Also, On Jul 7, 2016, Brandon John Moore (SVP & General Counsel) sold 13,216 shares at $35.00 per share price.On May 26, 2016, Wesley R Edens (director) sold 1.0530624E7 shares at $31.32 per share price.
Shares of Gaming and Leisure Properties Inc (GLPI) ended Monday, Jul 11, 2016 session in red amid volatile trading. The shares closed down -0.01 points or -0.03% at $34.97 with 11,08,343 shares getting traded. Post opening the session at $35, the shares hit an intraday low of $34.68 and an intraday high of $35.005 and the price vacillated in this range throughout the day. The company has a market cap of $5,102 M and the number of outstanding shares has been calculated to be 14,59,00,750 shares. The 52-week high of Gaming and Leisure Properties Inc is $36.16 and the 52-week low is $24.21.
Company has been under the radar of several Street Analysts.Gaming and Leisure Properties Inc is Reiterated by Telsey Advisory Group to Market Perform and the brokerage firm has raised the Price Target to $ 33 from a previous price target of $31 .The Rating was issued on Apr 15, 2016.
Gaming and Leisure Properties Inc. (GLPI) is a self-administered and self-managed 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. Triple net leases are leases in which the lessee pays rent to the lessor as well as all taxes insurance and maintenance expenses that arise from the use of the property. The Company operates in two segments: GLP Capital L.P. (a wholly owned subsidiary of GLPI through which GLPI owns all of its real estate assets) (GLP Capital) and the TRS Properties. The GLP Capital segment consists of the leased real property and represents the Companys business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.