Gaming and Leisure Properties Inc (GLPI) Stake Increased by State Board of Administration of Florida

State Board of Administration of Florida Retirement System grew its stake in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 248,209 shares of the real estate investment trust’s stock after acquiring an additional 10,690 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Gaming and Leisure Properties were worth $8,020,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in GLPI. PGGM Investments acquired a new position in shares of Gaming and Leisure Properties in the 4th quarter valued at approximately $144,296,000. Vanguard Group Inc grew its position in shares of Gaming and Leisure Properties by 9.1% in the 3rd quarter. Vanguard Group Inc now owns 30,677,165 shares of the real estate investment trust’s stock valued at $1,081,370,000 after purchasing an additional 2,553,357 shares during the period. Marshall Wace LLP grew its position in shares of Gaming and Leisure Properties by 356.1% in the 3rd quarter. Marshall Wace LLP now owns 1,989,462 shares of the real estate investment trust’s stock valued at $70,129,000 after purchasing an additional 1,553,298 shares during the period. American Century Companies Inc. grew its position in shares of Gaming and Leisure Properties by 162.3% in the 3rd quarter. American Century Companies Inc. now owns 2,010,251 shares of the real estate investment trust’s stock valued at $70,861,000 after purchasing an additional 1,243,827 shares during the period. Finally, Renaissance Technologies LLC grew its position in shares of Gaming and Leisure Properties by 11.3% in the 3rd quarter. Renaissance Technologies LLC now owns 10,081,712 shares of the real estate investment trust’s stock valued at $355,380,000 after purchasing an additional 1,025,623 shares during the period. 91.04% of the stock is owned by institutional investors.

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In related news, Director Joseph W. Marshall III acquired 1,000 shares of the company’s stock in a transaction dated Monday, November 19th. The shares were bought at an average price of $33.33 per share, for a total transaction of $33,330.00. Following the purchase, the director now directly owns 27,081 shares in the company, valued at approximately $902,609.73. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director E Scott Urdang acquired 5,000 shares of the company’s stock in a transaction dated Thursday, December 13th. The shares were bought at an average price of $34.27 per share, for a total transaction of $171,350.00. Following the purchase, the director now owns 81,971 shares in the company, valued at $2,809,146.17. The disclosure for this purchase can be found here. Corporate insiders own 5.88% of the company’s stock.

NASDAQ:GLPI traded down $0.11 during trading hours on Thursday, reaching $37.49. 15,303 shares of the stock were exchanged, compared to its average volume of 1,332,038. Gaming and Leisure Properties Inc has a twelve month low of $31.19 and a twelve month high of $38.28. The company has a quick ratio of 10.00, a current ratio of 10.00 and a debt-to-equity ratio of 2.31. The company has a market cap of $8.10 billion, a P/E ratio of 11.91, a price-to-earnings-growth ratio of 1.25 and a beta of 0.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. Gaming and Leisure Properties had a return on equity of 16.10% and a net margin of 38.95%. The company had revenue of $303.30 million for the quarter, compared to analysts’ expectations of $306.12 million. During the same quarter in the prior year, the business posted $0.55 EPS. The business’s revenue was up 26.0% compared to the same quarter last year. As a group, analysts anticipate that Gaming and Leisure Properties Inc will post 3.1 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on GLPI shares. BidaskClub upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Zacks Investment Research upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Friday, January 25th. Finally, Jefferies Financial Group reduced their price target on Gaming and Leisure Properties from $41.00 to $37.00 and set a “hold” rating for the company in a research report on Friday, November 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $39.90.

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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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