Clearbridge Investments LLC Buys 9,116 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Clearbridge Investments LLC lifted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 324,093 shares of the real estate investment trust’s stock after buying an additional 9,116 shares during the period. Clearbridge Investments LLC’s holdings in Gaming and Leisure Properties were worth $16,882,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GLPI. Principal Financial Group Inc. lifted its stake in shares of Gaming and Leisure Properties by 2,063.7% in the fourth quarter. Principal Financial Group Inc. now owns 5,024,745 shares of the real estate investment trust’s stock valued at $261,739,000 after buying an additional 4,792,518 shares during the period. Vanguard Group Inc. lifted its stake in shares of Gaming and Leisure Properties by 5.3% in the third quarter. Vanguard Group Inc. now owns 36,132,441 shares of the real estate investment trust’s stock valued at $1,598,500,000 after buying an additional 1,817,088 shares during the period. BlackRock Inc. lifted its stake in shares of Gaming and Leisure Properties by 11.2% in the third quarter. BlackRock Inc. now owns 17,418,081 shares of the real estate investment trust’s stock valued at $770,577,000 after buying an additional 1,754,145 shares during the period. Heitman Real Estate Securities LLC bought a new stake in shares of Gaming and Leisure Properties in the third quarter valued at about $58,492,000. Finally, Wellington Management Group LLP lifted its stake in Gaming and Leisure Properties by 13.6% during the first quarter. Wellington Management Group LLP now owns 10,515,906 shares of the real estate investment trust’s stock worth $493,511,000 after purchasing an additional 1,255,222 shares during the period. Institutional investors own 90.69% of the company’s stock.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI opened at $46.83 on Friday. The firm has a market cap of $12.29 billion, a price-to-earnings ratio of 16.09, a PEG ratio of 4.34 and a beta of 0.99. The company has a 50 day moving average of $50.39 and a 200-day moving average of $51.55. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 1.54. Gaming and Leisure Properties, Inc. has a 1-year low of $42.71 and a 1-year high of $55.13.

Analysts Set New Price Targets

A number of brokerages have commented on GLPI. StockNews.com began coverage on shares of Gaming and Leisure Properties in a research note on Thursday, May 18th. They set a “hold” rating for the company. JMP Securities restated a “market outperform” rating and set a $57.00 price target on shares of Gaming and Leisure Properties in a research note on Tuesday, March 21st. Finally, Raymond James raised their price target on shares of Gaming and Leisure Properties from $55.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, April 6th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $56.80.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang purchased 1,000 shares of the stock in a transaction that occurred on Wednesday, March 1st. The stock was acquired at an average price of $53.82 per share, with a total value of $53,820.00. Following the completion of the acquisition, the director now directly owns 150,132 shares in the company, valued at approximately $8,080,104.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.60% of the company’s stock.

About Gaming and Leisure Properties

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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.