State of Alaska Department of Revenue Acquires 12,587 Shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI)

State of Alaska Department of Revenue grew its holdings in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 13.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,605 shares of the real estate investment trust’s stock after purchasing an additional 12,587 shares during the quarter. State of Alaska Department of Revenue’s holdings in Gaming and Leisure Properties were worth $4,036,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of GLPI. Signaturefd LLC boosted its position in shares of Gaming and Leisure Properties by 100.3% in the first quarter. Signaturefd LLC now owns 721 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 361 shares during the period. Quadrant Capital Group LLC boosted its position in shares of Gaming and Leisure Properties by 39.9% in the first quarter. Quadrant Capital Group LLC now owns 988 shares of the real estate investment trust’s stock valued at $35,000 after acquiring an additional 282 shares during the period. Advisory Services Network LLC boosted its position in shares of Gaming and Leisure Properties by 24.1% in the fourth quarter. Advisory Services Network LLC now owns 1,960 shares of the real estate investment trust’s stock valued at $63,000 after acquiring an additional 380 shares during the period. Washington Trust Bank boosted its position in shares of Gaming and Leisure Properties by 14.9% in the first quarter. Washington Trust Bank now owns 2,230 shares of the real estate investment trust’s stock valued at $86,000 after acquiring an additional 290 shares during the period. Finally, Bessemer Group Inc. bought a new position in shares of Gaming and Leisure Properties in the second quarter valued at approximately $119,000. Hedge funds and other institutional investors own 89.72% of the company’s stock.

A number of research firms have recently commented on GLPI. Deutsche Bank restated a “buy” rating and issued a $47.00 price objective on shares of Gaming and Leisure Properties in a research report on Sunday, May 12th. Zacks Investment Research lowered shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Stifel Nicolaus upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and raised their price objective for the company from $39.00 to $43.00 in a research report on Monday, April 15th. BidaskClub upgraded shares of Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a research report on Wednesday. Finally, Morgan Stanley raised their price objective on shares of Gaming and Leisure Properties from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Tuesday, June 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Gaming and Leisure Properties has an average rating of “Buy” and a consensus price target of $42.80.

GLPI traded up $0.08 on Friday, reaching $37.52. The company had a trading volume of 170,672 shares, compared to its average volume of 1,087,305. The business has a 50 day moving average of $39.01. The stock has a market capitalization of $8.01 billion, a P/E ratio of 11.75, a price-to-earnings-growth ratio of 1.23 and a beta of 0.54. The company has a debt-to-equity ratio of 2.72, a quick ratio of 2.99 and a current ratio of 2.99. Gaming and Leisure Properties Inc has a 52-week low of $31.19 and a 52-week high of $40.82.

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

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