Gaming and Leisure Properties Inc (GLPI) CEO Buys $1,333,200.00 in Stock

Gaming and Leisure Properties Inc (NASDAQ:GLPI) CEO Peter M. Carlino purchased 40,000 shares of the firm’s stock in a transaction on Monday, February 12th. The shares were purchased at an average cost of $33.33 per share, for a total transaction of $1,333,200.00. Following the completion of the purchase, the chief executive officer now directly owns 4,388,089 shares in the company, valued at $146,255,006.37. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Gaming and Leisure Properties Inc (NASDAQ:GLPI) traded down $0.25 on Tuesday, hitting $33.31. 2,201,200 shares of the company traded hands, compared to its average volume of 1,305,033. The firm has a market capitalization of $7,134.97, a PE ratio of 18.87 and a beta of 0.79. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.62 and a quick ratio of 0.62. Gaming and Leisure Properties Inc has a twelve month low of $30.22 and a twelve month high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.33). The business had revenue of $240.70 million for the quarter, compared to analyst estimates of $243.27 million. Gaming and Leisure Properties had a net margin of 39.18% and a return on equity of 17.28%. The company’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the firm earned $0.45 earnings per share. research analysts expect that Gaming and Leisure Properties Inc will post 3.13 earnings per share for the current year.

Several research firms recently issued reports on GLPI. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “sell” rating to a “hold” rating in a research report on Monday. Ladenburg Thalmann Financial Services set a $40.00 target price on shares of Gaming and Leisure Properties and gave the stock a “buy” rating in a research report on Monday. Bank of America decreased their target price on shares of Gaming and Leisure Properties from $33.00 to $31.00 and set an “underperform” rating on the stock in a research report on Friday. Morgan Stanley decreased their target price on shares of Gaming and Leisure Properties from $40.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Gaming and Leisure Properties in a research report on Friday. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $38.13.

A number of hedge funds have recently made changes to their positions in the business. Investec Asset Management LTD lifted its position in Gaming and Leisure Properties by 0.8% during the fourth quarter. Investec Asset Management LTD now owns 1,622,127 shares of the real estate investment trust’s stock valued at $60,019,000 after buying an additional 13,001 shares in the last quarter. Lazard Asset Management LLC acquired a new position in Gaming and Leisure Properties during the fourth quarter valued at approximately $284,000. Allianz Asset Management GmbH lifted its position in Gaming and Leisure Properties by 2,794.7% during the fourth quarter. Allianz Asset Management GmbH now owns 278,264 shares of the real estate investment trust’s stock valued at $10,295,000 after buying an additional 268,651 shares in the last quarter. Amalgamated Bank lifted its position in Gaming and Leisure Properties by 6.2% during the fourth quarter. Amalgamated Bank now owns 39,073 shares of the real estate investment trust’s stock valued at $1,446,000 after buying an additional 2,279 shares in the last quarter. Finally, Brown Advisory Inc. lifted its position in Gaming and Leisure Properties by 244.3% during the fourth quarter. Brown Advisory Inc. now owns 26,917 shares of the real estate investment trust’s stock valued at $997,000 after buying an additional 19,100 shares in the last quarter. 91.97% of the stock is currently owned by hedge funds and other institutional investors.

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Gaming and Leisure Properties Company Profile

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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