Gaming and Leisure Properties (GLPI) Sets New 1-Year High at $37.29

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Shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) reached a new 52-week high on Thursday . The company traded as high as $37.29 and last traded at $37.23, with a volume of 67384 shares changing hands. The stock had previously closed at $36.79.

GLPI has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Saturday, January 26th. BidaskClub upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Barclays increased their price target on Gaming and Leisure Properties from $45.00 to $48.00 and gave the stock an “overweight” rating in a report on Monday, November 19th. Finally, Jefferies Financial Group decreased their price target on Gaming and Leisure Properties from $41.00 to $37.00 and set a “hold” rating for the company in a report on Friday, November 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $39.64.

The company has a debt-to-equity ratio of 2.31, a current ratio of 10.00 and a quick ratio of 10.00. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 1.26 and a beta of 0.68.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.26). The company had revenue of $254.14 million for the quarter, compared to the consensus estimate of $255.55 million. Gaming and Leisure Properties had a return on equity of 16.10% and a net margin of 38.95%. Gaming and Leisure Properties’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.45 EPS. As a group, equities research analysts expect that Gaming and Leisure Properties Inc will post 3.1 EPS for the current year.

In related news, Director David A. Handler acquired 11,000 shares of the business’s stock in a transaction dated Friday, November 9th. The shares were bought at an average price of $33.50 per share, with a total value of $368,500.00. Following the transaction, the director now directly owns 323,461 shares of the company’s stock, valued at $10,835,943.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Joseph W. Marshall III acquired 1,000 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were bought at an average cost of $33.33 per share, for a total transaction of $33,330.00. Following the transaction, the director now directly owns 27,081 shares in the company, valued at $902,609.73. The disclosure for this purchase can be found here. Insiders have bought a total of 31,000 shares of company stock worth $1,045,260 in the last three months. Insiders own 5.88% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. FMR LLC lifted its position in Gaming and Leisure Properties by 20.3% in the 2nd quarter. FMR LLC now owns 5,365,666 shares of the real estate investment trust’s stock valued at $192,091,000 after acquiring an additional 905,752 shares in the last quarter. Jane Street Group LLC lifted its position in Gaming and Leisure Properties by 103.4% in the 2nd quarter. Jane Street Group LLC now owns 33,249 shares of the real estate investment trust’s stock valued at $1,190,000 after acquiring an additional 16,900 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position in Gaming and Leisure Properties by 42.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 124,805 shares of the real estate investment trust’s stock valued at $4,468,000 after acquiring an additional 37,109 shares in the last quarter. Northern Trust Corp lifted its position in Gaming and Leisure Properties by 5.6% in the 2nd quarter. Northern Trust Corp now owns 2,309,367 shares of the real estate investment trust’s stock valued at $82,676,000 after acquiring an additional 123,384 shares in the last quarter. Finally, United Services Automobile Association lifted its position in Gaming and Leisure Properties by 11.3% in the 2nd quarter. United Services Automobile Association now owns 39,153 shares of the real estate investment trust’s stock valued at $1,402,000 after acquiring an additional 3,986 shares in the last quarter. 87.19% of the stock is currently owned by institutional investors.

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Gaming and Leisure Properties Company Profile (NASDAQ:GLPI)

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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