Aigen Investment Management LP Takes $345,000 Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Aigen Investment Management LP purchased a new position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,626 shares of the real estate investment trust’s stock, valued at approximately $345,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in GLPI. AE Wealth Management LLC grew its stake in shares of Gaming and Leisure Properties by 15.2% in the fourth quarter. AE Wealth Management LLC now owns 13,807 shares of the real estate investment trust’s stock worth $719,000 after acquiring an additional 1,823 shares during the last quarter. FORA Capital LLC purchased a new stake in Gaming and Leisure Properties during the 3rd quarter valued at about $575,000. Mercer Global Advisors Inc. ADV increased its stake in Gaming and Leisure Properties by 8.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 81,973 shares of the real estate investment trust’s stock valued at $4,270,000 after purchasing an additional 6,260 shares in the last quarter. Barclays PLC raised its holdings in Gaming and Leisure Properties by 124.9% in the third quarter. Barclays PLC now owns 163,395 shares of the real estate investment trust’s stock worth $7,228,000 after buying an additional 90,739 shares during the last quarter. Finally, Victory Capital Management Inc. lifted 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 worth $25,325,000 after buying an additional 20,778 shares in the last quarter. Institutional investors own 90.69% of the company’s stock.

Insider Buying and Selling at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang purchased 1,000 shares of the company’s stock in a transaction dated Wednesday, March 1st. The shares were acquired at an average price of $53.82 per share, for a total transaction of $53,820.00. Following the purchase, the director now directly owns 150,132 shares of the company’s stock, valued at approximately $8,080,104.24. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

GLPI has been the subject of several analyst reports. JMP Securities reissued a “market outperform” rating and set a $57.00 price target on shares of Gaming and Leisure Properties in a research report on Tuesday, March 21st. StockNews.com began coverage on Gaming and Leisure Properties in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Raymond James increased their price objective on Gaming and Leisure Properties from $55.00 to $57.00 and gave the company an “outperform” rating in a research report on Thursday, April 6th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $56.80.

Gaming and Leisure Properties Trading Down 1.4 %

Gaming and Leisure Properties stock opened at $47.17 on Thursday. Gaming and Leisure Properties, Inc. has a 52-week low of $42.71 and a 52-week high of $55.13. The company has a market cap of $12.38 billion, a P/E ratio of 16.21, a P/E/G ratio of 4.40 and a beta of 0.99. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 1.54. The business has a 50-day simple moving average of $50.46 and a two-hundred day simple moving average of $51.58.

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.