Invesco Ltd. Buys 2,530,463 Shares of Gaming and Leisure Properties, Inc. $GLPI

Invesco Ltd. lifted its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 127.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,512,234 shares of the real estate investment trust's stock after acquiring an additional 2,530,463 shares during the quarter. Invesco Ltd. owned 1.64% of Gaming and Leisure Properties worth $229,673,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Renaissance Technologies LLC boosted its position in Gaming and Leisure Properties by 196.1% during the 4th quarter. Renaissance Technologies LLC now owns 194,030 shares of the real estate investment trust's stock worth $9,344,000 after acquiring an additional 128,500 shares during the period. Bessemer Group Inc. boosted its position in Gaming and Leisure Properties by 149.8% during the 4th quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust's stock worth $49,000 after acquiring an additional 617 shares during the period. Townsquare Capital LLC boosted its position in Gaming and Leisure Properties by 15.4% during the 4th quarter. Townsquare Capital LLC now owns 5,397 shares of the real estate investment trust's stock worth $260,000 after acquiring an additional 719 shares during the period. CreativeOne Wealth LLC acquired a new stake in Gaming and Leisure Properties during the 4th quarter worth about $346,000. Finally, XTX Topco Ltd acquired a new stake in Gaming and Leisure Properties during the 4th quarter worth about $209,000. 91.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on GLPI shares. Royal Bank Of Canada decreased their price objective on Gaming and Leisure Properties from $54.00 to $53.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Scotiabank reduced their price objective on Gaming and Leisure Properties from $49.00 to $48.00 and set a "sector perform" rating for the company in a research report on Monday, May 12th. Mizuho reduced their price objective on Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a research report on Monday, June 16th. Macquarie reduced their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an "outperform" rating for the company in a research report on Monday, July 28th. Finally, Stifel Nicolaus cut Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 price objective for the company. in a research report on Monday, July 21st. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $53.16.

Insider Buying and Selling

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the business's stock in a transaction on Friday, June 13th. The stock was sold at an average price of $46.58, for a total value of $186,320.00. Following the transaction, the director owned 136,953 shares of the company's stock, valued at approximately $6,379,270.74. The trade was a 2.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.26% of the company's stock.

Gaming and Leisure Properties Price Performance

Shares of GLPI traded up $0.87 during mid-day trading on Monday, reaching $47.07. The company had a trading volume of 951,924 shares, compared to its average volume of 1,452,294. Gaming and Leisure Properties, Inc. has a twelve month low of $44.48 and a twelve month high of $52.60. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. The company's 50-day moving average is $46.84 and its 200-day moving average is $47.89. The company has a market capitalization of $13.32 billion, a P/E ratio of 18.25, a P/E/G ratio of 10.05 and a beta of 0.71.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) 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 company had revenue of $394.90 million during the quarter, compared to analyst estimates of $397.27 million. During the same period in the previous year, the company posted $0.94 earnings per share. The company's quarterly revenue was up 3.8% on a year-over-year basis. On average, equities analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

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.