Gaming & Leisure Properties, Inc. (GLPI): Peter M Carlino , Chairman & CEO of Gaming & Leisure Properties, Inc. sold 235,821 shares on Jul 7, 2016. The Insider selling transaction was reported by the company on Jul 11, 2016 to the Securities and Exchange Commission. The shares were sold at $34.90 per share for a total value of $8,230,886.00 , 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 8, 2016, William J Clifford (Sr VP-Chief Financial Officer) sold 100,000 shares at $35.00 per share price.On Jul 7, 2016, Brandon John Moore (SVP & General Counsel) sold 13,216 shares at $35.00 per share price.Also, On Jul 7, 2016, Peter M Carlino (Chairman & CEO) sold 283,254 shares at $35.03 per share price.On May 26, 2016, Wesley R Edens (director) sold 1.0530624E7 shares at $31.32 per share price.
Gaming and Leisure Properties Inc: On Friday, Jul 8, 2016 heightened volatility was witnessed in Gaming and Leisure Properties Inc which led to swings in the share price. The shares opened for trading at $34.98 and hit $35.06 on the upside , eventually ending the session at $34.98, with a gain of 0.72% or 0.25 points. The heightened volatility saw the trading volume jump to 15,92,307 shares. The 52-week high of the share price is $36.16 and the company has a market cap of $5,104 M . The 52-week low of the share price is at $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 is Resumed by JP Morgan to Overweight. The Rating was issued on Apr 13, 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.