Stoneridge Investment Partners LLC Acquires Shares of 7,228 Gaming and Leisure Properties Inc (GLPI)

Stoneridge Investment Partners LLC acquired a new position in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 7,228 shares of the real estate investment trust’s stock, valued at approximately $267,000.

Other large investors have also recently made changes to their positions in the company. First Quadrant L P CA acquired a new stake in shares of Gaming and Leisure Properties during the 3rd quarter worth approximately $151,000. Advisor Group Inc. boosted its stake in Gaming and Leisure Properties by 75.3% in the 2nd quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 1,998 shares in the last quarter. Stifel Financial Corp acquired a new stake in Gaming and Leisure Properties in the 3rd quarter valued at $249,000. The Manufacturers Life Insurance Company boosted its stake in Gaming and Leisure Properties by 7.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,763 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 473 shares in the last quarter. Finally, Prudential PLC acquired a new stake in Gaming and Leisure Properties in the 2nd quarter valued at $260,000. 92.34% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Inc (NASDAQ:GLPI) opened at $33.22 on Friday. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.62 and a quick ratio of 0.62. The company has a market capitalization of $7,462.38, a price-to-earnings ratio of 11.12 and a beta of 0.79. Gaming and Leisure Properties Inc has a one year low of $30.22 and a one year high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.45 EPS for the quarter, hitting analysts’ consensus estimates of $0.45. The company had revenue of $244.50 million for the quarter, compared to analyst estimates of $243.66 million. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.43 earnings per share. sell-side analysts expect that Gaming and Leisure Properties Inc will post 3.09 EPS for the current year.

Several analysts recently commented on the company. BidaskClub raised Gaming and Leisure Properties from a “strong sell” rating to a “sell” rating in a research note on Friday, February 2nd. Zacks Investment Research lowered Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a research note on Wednesday, January 31st. Ladenburg Thalmann Financial Services set a $41.00 price target on Gaming and Leisure Properties and gave the company a “buy” rating in a research note on Monday, October 30th. SunTrust Banks reaffirmed a “hold” rating and issued a $38.00 price target on shares of Gaming and Leisure Properties in a research note on Tuesday, October 24th. Finally, UBS Group raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $40.17.

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About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (GLPI) is a self-administered and self-managed Pennsylvania real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing and owning real estate property to be leased to gaming operators in triple net lease arrangements. Its segments include GLP Capital, L.P.

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

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