Intech Investment Management LLC lessened its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) by 9.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,095 shares of the real estate investment trust’s stock after selling 744 shares during the quarter. Intech Investment Management LLC’s holdings in Gaming and Leisure Properties were worth $369,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. Nelson Van Denburg & Campbell Wealth Management Group LLC bought a new position in shares of Gaming and Leisure Properties in the 1st quarter worth approximately $39,000. Zions Bancorporation N.A. bought a new stake in Gaming and Leisure Properties during the 1st quarter worth approximately $43,000. Quadrant Capital Group LLC raised its stake in Gaming and Leisure Properties by 118.6% during the 4th quarter. Quadrant Capital Group LLC now owns 1,056 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 573 shares during the period. Belpointe Asset Management LLC bought a new stake in Gaming and Leisure Properties during the 4th quarter worth approximately $56,000. Finally, Rockefeller Capital Management L.P. raised its stake in Gaming and Leisure Properties by 37.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,378 shares of the real estate investment trust’s stock worth $70,000 after acquiring an additional 378 shares during the period. Hedge funds and other institutional investors own 89.08% of the company’s stock.
Gaming and Leisure Properties Stock Up 0.0 %
NASDAQ GLPI opened at $45.83 on Monday. Gaming and Leisure Properties, Inc. has a 52 week low of $43.46 and a 52 week high of $55.13. The firm has a market capitalization of $12.04 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 4.07 and a beta of 0.98. The company has a fifty day moving average of $47.91 and a two-hundred day moving average of $49.86. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 1.54.
Gaming and Leisure Properties Cuts Dividend
Insider Transactions at Gaming and Leisure Properties
In other Gaming and Leisure Properties news, Director Barry F. Schwartz bought 1,500 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $45.83 per share, for a total transaction of $68,745.00. Following the completion of the transaction, the director now owns 55,323 shares in the company, valued at $2,535,453.09. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In other Gaming and Leisure Properties news, Director Barry F. Schwartz bought 1,500 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was acquired at an average cost of $45.83 per share, for a total transaction of $68,745.00. Following the completion of the transaction, the director now owns 55,323 shares in the company, valued at $2,535,453.09. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Barry F. Schwartz bought 1,000 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average price of $47.74 per share, with a total value of $47,740.00. Following the completion of the transaction, the director now owns 53,823 shares of the company’s stock, valued at approximately $2,569,510.02. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 3,500 shares of company stock worth $163,835. 4.40% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the stock. StockNews.com assumed coverage on shares of Gaming and Leisure Properties in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Royal Bank of Canada restated an “outperform” rating and set a $54.00 target price on shares of Gaming and Leisure Properties in a research note on Tuesday, August 1st. Deutsche Bank Aktiengesellschaft cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating and reduced their price objective for the company from $60.00 to $52.00 in a research report on Wednesday, July 5th. BNP Paribas started coverage on shares of Gaming and Leisure Properties in a research report on Wednesday, June 14th. They set an “outperform” rating and a $63.00 price objective on the stock. Finally, Mizuho reduced their price objective on shares of Gaming and Leisure Properties from $53.00 to $50.00 in a research report on Thursday, August 10th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $55.78.
Get Our Latest Report on Gaming and Leisure Properties
Gaming and Leisure Properties Company Profile
GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.
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