Raymond James & Associates Purchases 51,071 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Raymond James & Associates boosted its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 14.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 394,967 shares of the real estate investment trust's stock after acquiring an additional 51,071 shares during the period. Raymond James & Associates owned 0.15% of Gaming and Leisure Properties worth $17,856,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Ignite Planners LLC grew its holdings in shares of Gaming and Leisure Properties by 1.8% during the 2nd quarter. Ignite Planners LLC now owns 12,181 shares of the real estate investment trust's stock worth $543,000 after purchasing an additional 220 shares in the last quarter. Moody National Bank Trust Division boosted its stake in Gaming and Leisure Properties by 1.2% in the first quarter. Moody National Bank Trust Division now owns 19,068 shares of the real estate investment trust's stock valued at $878,000 after buying an additional 231 shares in the last quarter. Securian Asset Management Inc. boosted its stake in Gaming and Leisure Properties by 1.3% in the fourth quarter. Securian Asset Management Inc. now owns 22,534 shares of the real estate investment trust's stock valued at $1,112,000 after buying an additional 289 shares in the last quarter. Private Advisor Group LLC boosted its stake in Gaming and Leisure Properties by 2.7% in the first quarter. Private Advisor Group LLC now owns 11,440 shares of the real estate investment trust's stock valued at $527,000 after buying an additional 299 shares in the last quarter. Finally, Corient Private Wealth LLC boosted its stake in Gaming and Leisure Properties by 1.9% in the fourth quarter. Corient Private Wealth LLC now owns 17,844 shares of the real estate investment trust's stock valued at $881,000 after buying an additional 327 shares in the last quarter. Institutional investors own 91.14% of the company's stock.

Analysts Set New Price Targets

GLPI has been the topic of several research analyst reports. Scotiabank raised their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "sector perform" rating in a research note on Tuesday, July 16th. Mizuho dropped their target price on Gaming and Leisure Properties from $47.00 to $46.00 and set a "neutral" rating for the company in a research report on Friday, May 10th. Deutsche Bank Aktiengesellschaft increased their target price on Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a "hold" rating in a research report on Monday, July 29th. Morgan Stanley reiterated an "overweight" rating and issued a $53.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, June 21st. Finally, Raymond James increased their target price on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an "outperform" rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Gaming and Leisure Properties presently has an average rating of "Moderate Buy" and an average target price of $51.89.

Gaming and Leisure Properties Trading Up 2.0 %

Shares of GLPI traded up $1.00 during mid-day trading on Friday, reaching $50.74. 2,250,729 shares of the company were exchanged, compared to its average volume of 1,342,636. Gaming and Leisure Properties, Inc. has a 52 week low of $41.80 and a 52 week high of $50.88. The company has a debt-to-equity ratio of 1.49, a quick ratio of 5.91 and a current ratio of 5.91. The stock has a market capitalization of $13.78 billion, a PE ratio of 18.72, a PEG ratio of 5.14 and a beta of 0.98. The business has a 50 day simple moving average of $47.29 and a two-hundred day simple moving average of $45.61.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last issued its earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.15). The business had revenue of $380.60 million during the quarter, compared to the consensus estimate of $377.95 million. Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The company's revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. On average, analysts predict that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction that occurred on Monday, August 12th. The stock was sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the sale, the director now directly owns 156,685 shares in the company, valued at $7,660,329.65. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.40% of the stock is currently owned by corporate insiders.

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.