Retirement Systems of Alabama Has $32.97 Million Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Retirement Systems of Alabama raised its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 4.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 729,298 shares of the real estate investment trust's stock after purchasing an additional 29,794 shares during the period. Retirement Systems of Alabama owned 0.27% of Gaming and Leisure Properties worth $32,972,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. New York State Teachers Retirement System grew its holdings in shares of Gaming and Leisure Properties by 0.4% during the second quarter. New York State Teachers Retirement System now owns 207,577 shares of the real estate investment trust's stock valued at $9,385,000 after buying an additional 760 shares during the last quarter. RBA Wealth Management LLC grew its holdings in shares of Gaming and Leisure Properties by 4.3% during the second quarter. RBA Wealth Management LLC now owns 34,860 shares of the real estate investment trust's stock valued at $1,576,000 after buying an additional 1,438 shares during the last quarter. Marshall Financial Group LLC grew its holdings in shares of Gaming and Leisure Properties by 6.8% during the second quarter. Marshall Financial Group LLC now owns 20,628 shares of the real estate investment trust's stock valued at $933,000 after buying an additional 1,310 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Gaming and Leisure Properties by 14.9% during the second quarter. Raymond James & Associates now owns 394,967 shares of the real estate investment trust's stock valued at $17,856,000 after buying an additional 51,071 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in shares of Gaming and Leisure Properties during the second quarter valued at $800,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Gaming and Leisure Properties Price Performance

GLPI stock traded up $1.00 during mid-day trading on Friday, reaching $50.74. The company's stock had a trading volume of 2,253,370 shares, compared to its average volume of 1,342,636. The stock has a market cap of $13.78 billion, a PE ratio of 18.72, a P/E/G ratio of 5.14 and a beta of 0.98. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.49. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.80 and a fifty-two week high of $50.88. The company's 50 day moving average is $47.44 and its two-hundred day moving average is $45.66.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings data on Thursday, July 25th. The real estate investment trust reported $0.77 EPS 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 analyst estimates of $377.95 million. Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The firm's revenue was up 6.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.92 EPS. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Scotiabank upped their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "sector perform" rating in a report on Tuesday, July 16th. Morgan Stanley reaffirmed an "overweight" rating and issued a $53.00 price target on shares of Gaming and Leisure Properties in a report on Friday, June 21st. Wolfe Research raised shares of Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 price target on the stock in a report on Friday. Royal Bank of Canada upped their price target on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an "outperform" rating in a report on Monday, July 29th. Finally, StockNews.com raised shares of Gaming and Leisure Properties from a "hold" rating to a "buy" rating in a report on Friday, July 19th. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $51.89.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 5,605 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were 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 owns 156,685 shares of the company's stock, valued at approximately $7,660,329.65. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.40% of the stock is owned by 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.