Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Sold by Commerce Bank

Commerce Bank decreased its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) by 4.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,490 shares of the real estate investment trust’s stock after selling 562 shares during the quarter. Commerce Bank’s holdings in Gaming and Leisure Properties were worth $703,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Elequin Securities LLC acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at $856,000. Intech Investment Management LLC grew its stake in shares of Gaming and Leisure Properties by 10.5% in the fourth quarter. Intech Investment Management LLC now owns 7,839 shares of the real estate investment trust’s stock valued at $408,000 after buying an additional 744 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Gaming and Leisure Properties by 52.7% in the fourth quarter. First Trust Advisors LP now owns 279,315 shares of the real estate investment trust’s stock valued at $14,549,000 after buying an additional 96,345 shares in the last quarter. Jennison Associates LLC grew its stake in shares of Gaming and Leisure Properties by 6.8% in the fourth quarter. Jennison Associates LLC now owns 1,823,749 shares of the real estate investment trust’s stock valued at $94,999,000 after buying an additional 116,776 shares in the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Gaming and Leisure Properties by 4.5% in the fourth quarter. Victory Capital Management Inc. now owns 481,631 shares of the real estate investment trust’s stock valued at $25,325,000 after buying an additional 20,778 shares in the last quarter. Institutional investors and hedge funds own 90.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com assumed coverage on Gaming and Leisure Properties in a report on Thursday, May 18th. They issued a “hold” rating for the company. JMP Securities reaffirmed a “market outperform” rating and set a $57.00 price target on shares of Gaming and Leisure Properties in a report on Tuesday, March 21st. Finally, Raymond James lifted their price target on Gaming and Leisure Properties from $55.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, April 6th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average price target of $56.80.

Gaming and Leisure Properties Stock Down 1.4 %

GLPI opened at $47.17 on Thursday. The business’s 50-day simple moving average is $50.46 and its 200-day simple moving average is $51.58. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.08 and a current ratio of 0.08. Gaming and Leisure Properties, Inc. has a one year low of $42.71 and a one year high of $55.13. The stock has a market capitalization of $12.38 billion, a P/E ratio of 16.21, a price-to-earnings-growth ratio of 4.40 and a beta of 0.99.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang purchased 1,000 shares of the firm’s stock in a transaction dated Wednesday, March 1st. The shares were acquired at an average price of $53.82 per share, with a total value of $53,820.00. Following the purchase, the director now directly owns 150,132 shares of the company’s stock, valued at $8,080,104.24. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 4.60% of the company’s stock.

Gaming and Leisure Properties Company Profile

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Gaming & Leisure Properties, Inc engages in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.