Zurcher Kantonalbank Zurich Cantonalbank Raises Stock Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 4.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 124,010 shares of the real estate investment trust's stock after buying an additional 5,355 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Gaming and Leisure Properties were worth $5,606,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of GLPI. Headlands Technologies LLC purchased a new stake in shares of Gaming and Leisure Properties during the 4th quarter valued at approximately $30,000. EdgeRock Capital LLC purchased a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $33,000. MCF Advisors LLC boosted its holdings in shares of Gaming and Leisure Properties by 416.7% in the first quarter. MCF Advisors LLC now owns 744 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 600 shares during the period. Versant Capital Management Inc grew its position in shares of Gaming and Leisure Properties by 18,500.0% in the second quarter. Versant Capital Management Inc now owns 744 shares of the real estate investment trust's stock valued at $34,000 after purchasing an additional 740 shares in the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Gaming and Leisure Properties during the 1st quarter valued at $42,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 30,900 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total value of $1,546,545.00. Following the completion of the sale, the chief operating officer now owns 208,977 shares in the company, valued at $10,459,298.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction on Monday, August 12th. The stock was sold at an average price of $48.89, for a total transaction of $274,028.45. Following the completion of the transaction, the director now owns 156,685 shares in the company, valued at $7,660,329.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Brandon John Moore sold 30,900 shares of the firm's stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $50.05, for a total value of $1,546,545.00. Following the transaction, the chief operating officer now owns 208,977 shares of the company's stock, valued at $10,459,298.85. The disclosure for this sale can be found here. 4.40% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on GLPI shares. UBS Group upped their target price on shares of Gaming and Leisure Properties from $56.00 to $61.00 and gave the stock a "buy" rating in a report on Tuesday, July 16th. Mizuho decreased their price target on shares of Gaming and Leisure Properties from $47.00 to $46.00 and set a "neutral" rating on the stock in a report on Friday, May 10th. Wolfe Research raised Gaming and Leisure Properties from a "peer perform" rating to an "outperform" rating and set a $57.00 price objective for the company in a research note on Friday, August 23rd. Stifel Nicolaus upped their target price on Gaming and Leisure Properties from $52.00 to $52.50 and gave the stock a "buy" rating in a research note on Friday, July 26th. Finally, Royal Bank of Canada lifted their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an "outperform" rating in a research report on Monday, July 29th. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, Gaming and Leisure Properties presently has a consensus rating of "Moderate Buy" and an average target price of $52.11.

Gaming and Leisure Properties Price Performance

Shares of GLPI stock traded up $0.74 during trading hours on Friday, hitting $52.02. 2,201,896 shares of the company's stock were exchanged, compared to its average volume of 1,335,723. The company has a market capitalization of $14.12 billion, a PE ratio of 19.02, a PEG 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 12-month low of $41.80 and a 12-month high of $52.13. The business's 50 day simple moving average is $48.01 and its 200-day simple moving average is $45.81.

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 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.15). Gaming and Leisure Properties had a return on equity of 17.60% and a net margin of 52.79%. The business had revenue of $380.60 million during the quarter, compared to analysts' expectations of $377.95 million. During the same quarter in the previous year, the business earned $0.92 EPS. Gaming and Leisure Properties's revenue for the quarter was up 6.7% compared to the same quarter last year. On average, equities research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 5.84%. The ex-dividend date of this dividend is Friday, September 13th. Gaming and Leisure Properties's dividend payout ratio is presently 112.18%.

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.