State of Alaska Department of Revenue Boosts Stake in Gaming and Leisure Properties Inc (GLPI)

State of Alaska Department of Revenue grew its holdings in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,760 shares of the real estate investment trust’s stock after purchasing an additional 13,930 shares during the period. State of Alaska Department of Revenue’s holdings in Gaming and Leisure Properties were worth $4,466,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the business. Royal Bank of Canada boosted its holdings in shares of Gaming and Leisure Properties by 2.4% in the second quarter. Royal Bank of Canada now owns 14,795 shares of the real estate investment trust’s stock worth $557,000 after buying an additional 352 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Gaming and Leisure Properties by 7.5% in the second quarter. The Manufacturers Life Insurance Company now owns 6,763 shares of the real estate investment trust’s stock worth $255,000 after buying an additional 473 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Gaming and Leisure Properties by 0.9% in the second quarter. Public Employees Retirement System of Ohio now owns 90,674 shares of the real estate investment trust’s stock worth $3,416,000 after buying an additional 795 shares during the period. QS Investors LLC boosted its holdings in shares of Gaming and Leisure Properties by 5.2% in the second quarter. QS Investors LLC now owns 29,557 shares of the real estate investment trust’s stock worth $1,113,000 after buying an additional 1,450 shares during the period. Finally, Great West Life Assurance Co. Can boosted its holdings in shares of Gaming and Leisure Properties by 7.5% in the third quarter. Great West Life Assurance Co. Can now owns 21,394 shares of the real estate investment trust’s stock worth $778,000 after buying an additional 1,499 shares during the period. Institutional investors own 91.99% of the company’s stock.

Shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) opened at $36.43 on Monday. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 1.78. The company has a market cap of $7,745.14, a P/E ratio of 20.24 and a beta of 0.86. Gaming and Leisure Properties Inc has a fifty-two week low of $30.22 and a fifty-two week high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The business had revenue of $244.50 million during the quarter, compared to analysts’ expectations of $243.66 million. Gaming and Leisure Properties had a net margin of 39.31% and a return on equity of 17.37%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.43 earnings per share. analysts anticipate that Gaming and Leisure Properties Inc will post 3.09 EPS for the current year.

Several research analysts have commented on the stock. Jefferies Group assumed coverage on shares of Gaming and Leisure Properties in a report on Thursday. They issued a “hold” rating for the company. SunTrust Banks upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Thursday, January 11th. Ladenburg Thalmann Financial Services set a $43.00 target price on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a report on Tuesday, December 19th. Zacks Investment Research cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Finally, UBS Group upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Tuesday, December 19th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $40.17.

In related news, Director E Scott Urdang purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The stock was acquired at an average cost of $36.23 per share, for a total transaction of $181,150.00. Following the completion of the acquisition, the director now owns 55,241 shares in the company, valued at approximately $2,001,381.43. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.88% of the company’s stock.

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About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania 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. Its segments include GLP Capital, L.P.

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Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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