Charles Schwab Investment Management Inc. Buys 10,092 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Charles Schwab Investment Management Inc. grew its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 0.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,293,551 shares of the real estate investment trust's stock after purchasing an additional 10,092 shares during the period. Charles Schwab Investment Management Inc. owned about 1.20% of Gaming and Leisure Properties worth $167,642,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. GF Fund Management CO. LTD. increased its stake in shares of Gaming and Leisure Properties by 4.2% during the 1st quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust's stock worth $265,000 after purchasing an additional 211 shares during the last quarter. TD Private Client Wealth LLC increased its stake in shares of Gaming and Leisure Properties by 64.2% during the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 213 shares during the last quarter. Pure Financial Advisors LLC increased its stake in shares of Gaming and Leisure Properties by 2.6% during the 1st quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust's stock worth $442,000 after purchasing an additional 221 shares during the last quarter. Freedom Investment Management Inc. increased its stake in shares of Gaming and Leisure Properties by 3.8% during the 4th quarter. Freedom Investment Management Inc. now owns 6,063 shares of the real estate investment trust's stock worth $292,000 after purchasing an additional 222 shares during the last quarter. Finally, Woodward Diversified Capital LLC increased its stake in shares of Gaming and Leisure Properties by 5.8% during the 1st quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 243 shares during the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the sale, the director owned 133,953 shares of the company's stock, valued at approximately $6,234,172.62. This represents a 2.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI traded down $0.31 during trading on Thursday, reaching $45.94. The company's stock had a trading volume of 797,725 shares, compared to its average volume of 1,452,836. The firm has a 50 day moving average price of $46.85 and a 200 day moving average price of $47.94. Gaming and Leisure Properties, Inc. has a 12 month low of $44.48 and a 12 month high of $52.60. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. The firm has a market capitalization of $13.00 billion, a price-to-earnings ratio of 17.81, a price-to-earnings-growth ratio of 9.97 and a beta of 0.71.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a return on equity of 15.43% and a net margin of 46.32%. The firm had revenue of $394.90 million for the quarter, compared to the consensus estimate of $397.27 million. During the same period last year, the company posted $0.94 EPS. The business's revenue was up 3.8% on a year-over-year basis. As a group, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on GLPI. Wells Fargo & Company lowered their price objective on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Mizuho lowered their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research note on Monday, June 16th. Royal Bank Of Canada decreased their price target on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th. Macquarie decreased their price target on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating on the stock in a research note on Monday, July 28th. Finally, Wedbush set a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Monday, April 28th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $53.16.

About Gaming and Leisure Properties

Gaming & Leisure Properties, Inc engages in the provision of 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.