Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 3.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 427,584 shares of the real estate investment trust's stock after acquiring an additional 12,276 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 0.16% of Gaming and Leisure Properties worth $20,592,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Stonebridge Financial Group LLC purchased a new stake in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $31,000. CKW Financial Group lifted its holdings in Gaming and Leisure Properties by 75.0% during the 4th quarter. CKW Financial Group now owns 700 shares of the real estate investment trust's stock worth $34,000 after buying an additional 300 shares during the last quarter. Quarry LP lifted its holdings in Gaming and Leisure Properties by 52.5% during the 4th quarter. Quarry LP now owns 979 shares of the real estate investment trust's stock worth $47,000 after buying an additional 337 shares during the last quarter. Bessemer Group Inc. lifted its holdings 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 buying an additional 617 shares during the last quarter. Finally, Parvin Asset Management LLC purchased a new stake in Gaming and Leisure Properties during the 4th quarter worth about $53,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Gaming and Leisure Properties Stock Down 0.0%

Shares of NASDAQ GLPI opened at $45.97 on Thursday. Gaming and Leisure Properties, Inc. has a 52-week low of $42.86 and a 52-week high of $52.60. The firm has a fifty day moving average of $48.69 and a 200-day moving average of $48.97. The stock has a market capitalization of $12.63 billion, a PE ratio of 16.02, a P/E/G ratio of 2.01 and a beta of 0.81. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.96. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The company had revenue of $395.24 million during the quarter, compared to analysts' expectations of $396.27 million. During the same period in the previous year, the company earned $0.92 EPS. The business's quarterly revenue was up 5.1% compared to the same quarter last year. On average, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Insider Activity

In related news, Director E Scott Urdang sold 5,000 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $50.89, for a total transaction of $254,450.00. Following the completion of the sale, the director now directly owns 140,953 shares of the company's stock, valued at approximately $7,173,098.17. This represents a 3.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew Demchyk sold 1,138 shares of the company's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $50.45, for a total transaction of $57,412.10. Following the sale, the senior vice president now directly owns 53,002 shares of the company's stock, valued at approximately $2,673,950.90. This trade represents a 2.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,842 shares of company stock valued at $1,153,961 in the last ninety days. Company insiders own 4.37% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GLPI. Wells Fargo & Company lifted their price target on Gaming and Leisure Properties from $50.00 to $51.00 and gave the stock an "equal weight" rating in a report on Monday, March 10th. Royal Bank of Canada lowered their price target on Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Morgan Stanley lowered Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price target on the stock. in a report on Wednesday, January 15th. Mizuho raised their price target on Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a report on Thursday, April 3rd. Finally, Barclays raised their price target on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $54.63.

Gaming and Leisure Properties Profile

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.

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