Gaming and Leisure Properties Inc (GLPI) Holdings Lifted by Penn Capital Management Co. Inc.

Penn Capital Management Co. Inc. increased its holdings in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 32.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,802 shares of the real estate investment trust’s stock after acquiring an additional 3,637 shares during the quarter. Penn Capital Management Co. Inc.’s holdings in Gaming and Leisure Properties were worth $1,573,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of GLPI. PGGM Investments acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $144,296,000. Daiwa Securities Group Inc. increased its holdings in shares of Gaming and Leisure Properties by 10,312.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,123,782 shares of the real estate investment trust’s stock worth $100,930,000 after acquiring an additional 3,093,782 shares during the last quarter. Cohen & Steers Inc. increased its holdings in shares of Gaming and Leisure Properties by 434.2% during the 4th quarter. Cohen & Steers Inc. now owns 3,791,853 shares of the real estate investment trust’s stock worth $122,515,000 after acquiring an additional 3,082,056 shares during the last quarter. Vanguard Group Inc increased its holdings in shares of Gaming and Leisure Properties by 9.1% during the 3rd quarter. Vanguard Group Inc now owns 30,677,165 shares of the real estate investment trust’s stock worth $1,081,370,000 after acquiring an additional 2,553,357 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Gaming and Leisure Properties during the 4th quarter worth approximately $59,288,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

GLPI has been the topic of a number of research reports. BidaskClub raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Wednesday, March 13th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $41.00 price objective on shares of Gaming and Leisure Properties in a report on Wednesday, March 20th. Zacks Investment Research lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Friday, February 15th. Finally, Stifel Nicolaus raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $39.00 to $43.00 in a report on Monday, April 15th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $41.70.

Shares of NASDAQ GLPI opened at $39.79 on Friday. The company has a current ratio of 2.99, a quick ratio of 2.99 and a debt-to-equity ratio of 2.72. Gaming and Leisure Properties Inc has a one year low of $31.19 and a one year high of $40.69. The firm has a market capitalization of $8.54 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 0.96 and a beta of 0.56.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Wednesday, February 13th. The real estate investment trust reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Gaming and Leisure Properties had a return on equity of 14.58% and a net margin of 30.54%. The firm had revenue of $303.30 million for the quarter, compared to analyst estimates of $306.12 million. During the same period in the prior year, the firm posted $0.55 EPS. The company’s revenue for the quarter was up 26.0% on a year-over-year basis. Equities analysts forecast that Gaming and Leisure Properties Inc will post 3.35 earnings per share for the current fiscal year.

In other news, CAO Desiree A. Burke sold 41,458 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $39.06, for a total transaction of $1,619,349.48. Following the completion of the sale, the chief accounting officer now directly owns 119,264 shares in the company, valued at approximately $4,658,451.84. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Matthew Demchyk bought 4,000 shares of the business’s stock in a transaction dated Thursday, February 28th. The shares were bought at an average price of $36.50 per share, with a total value of $146,000.00. Following the completion of the transaction, the senior vice president now owns 37,500 shares in the company, valued at approximately $1,368,750. The disclosure for this purchase can be found here. Corporate insiders own 5.88% of the company’s stock.

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About Gaming and Leisure Properties

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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Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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