Gaming and Leisure Properties Inc (GLPI) CFO William J. Clifford Buys 54,606 Shares

Gaming and Leisure Properties Inc (NASDAQ:GLPI) CFO William J. Clifford acquired 54,606 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $33.00 per share, for a total transaction of $1,801,998.00. Following the acquisition, the chief financial officer now owns 320,674 shares of the company’s stock, valued at approximately $10,582,242. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gaming and Leisure Properties Inc (NASDAQ GLPI) traded down $0.25 during trading on Tuesday, reaching $33.31. The company’s stock had a trading volume of 2,201,200 shares, compared to its average volume of 1,305,033. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.62 and a current ratio of 0.62. The company has a market cap of $7,134.97, a PE ratio of 18.87 and a beta of 0.79. 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 data on Thursday, February 8th. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.33). The firm had revenue of $240.70 million for the quarter, compared to the consensus estimate of $243.27 million. Gaming and Leisure Properties had a net margin of 39.18% and a return on equity of 17.28%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 earnings per share. equities analysts forecast that Gaming and Leisure Properties Inc will post 3.13 EPS for the current year.

Several research analysts have recently commented on the company. Jefferies Group assumed coverage on Gaming and Leisure Properties in a report on Thursday, January 18th. They issued a “hold” rating on the stock. Ladenburg Thalmann Financial Services set a $43.00 target price on Gaming and Leisure Properties and gave the stock a “buy” rating in a research note on Tuesday, December 19th. UBS Group raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Zacks Investment Research cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Wednesday, November 1st. Finally, SunTrust Banks reissued a “hold” rating and issued a $38.00 target price on shares of Gaming and Leisure Properties in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $38.13.

A number of institutional investors have recently bought and sold shares of the business. Investec Asset Management LTD boosted its position in Gaming and Leisure Properties by 0.8% during the 4th 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 acquiring an additional 13,001 shares in the last quarter. Lazard Asset Management LLC bought a new stake in Gaming and Leisure Properties during the 4th quarter valued at approximately $284,000. Allianz Asset Management GmbH boosted its position in Gaming and Leisure Properties by 2,794.7% during the 4th quarter. Allianz Asset Management GmbH now owns 278,264 shares of the real estate investment trust’s stock valued at $10,295,000 after acquiring an additional 268,651 shares in the last quarter. Amalgamated Bank boosted its position in Gaming and Leisure Properties by 6.2% during the 4th quarter. Amalgamated Bank now owns 39,073 shares of the real estate investment trust’s stock valued at $1,446,000 after acquiring an additional 2,279 shares in the last quarter. Finally, Brown Advisory Inc. boosted its position in Gaming and Leisure Properties by 244.3% during the 4th quarter. Brown Advisory Inc. now owns 26,917 shares of the real estate investment trust’s stock valued at $997,000 after acquiring an additional 19,100 shares in the last quarter. 91.97% of the stock is currently owned by institutional investors and hedge funds.

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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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