Gaming and Leisure Properties Inc (GLPI) Holdings Boosted by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. raised its stake in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 43.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,434 shares of the real estate investment trust’s stock after purchasing an additional 434 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Gaming and Leisure Properties were worth $46,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. We Are One Seven LLC acquired a new stake in shares of Gaming and Leisure Properties in the fourth quarter valued at approximately $31,000. First Hawaiian Bank acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $76,000. Gateway Investment Advisers LLC acquired a new stake in shares of Gaming and Leisure Properties during the fourth quarter worth $201,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Gaming and Leisure Properties during the third quarter worth $252,000. Finally, Fox Run Management L.L.C. acquired a new stake in Gaming and Leisure Properties in the fourth quarter valued at $249,000. Institutional investors own 91.04% of the company’s stock.

A number of equities research analysts have commented on the company. Zacks Investment Research raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Monday. BidaskClub upgraded Gaming and Leisure Properties from a “buy” rating to a “strong-buy” rating in a research report on Friday, February 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $39.90.

In related news, Director E Scott Urdang acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 13th. The stock was purchased at an average price of $34.27 per share, for a total transaction of $171,350.00. Following the transaction, the director now owns 81,971 shares in the company, valued at approximately $2,809,146.17. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Joseph W. Marshall III acquired 1,000 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The shares were bought at an average price of $33.33 per share, with a total value of $33,330.00. Following the transaction, the director now owns 27,081 shares in the company, valued at approximately $902,609.73. The disclosure for this purchase can be found here. Company insiders own 5.88% of the company’s stock.

Shares of GLPI stock opened at $37.60 on Thursday. Gaming and Leisure Properties Inc has a fifty-two week low of $31.19 and a fifty-two week high of $38.28. The firm has a market capitalization of $8.10 billion, a PE ratio of 11.94, a PEG ratio of 1.25 and a beta of 0.60. The company has a debt-to-equity ratio of 2.31, a current ratio of 10.00 and a quick ratio of 10.00.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.02. Gaming and Leisure Properties had a return on equity of 16.10% and a net margin of 38.95%. The business had revenue of $303.30 million during the quarter, compared to analysts’ expectations of $306.12 million. During the same quarter last year, the business posted $0.55 earnings per share. The business’s revenue for the quarter was up 26.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Gaming and Leisure Properties Inc will post 3.1 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: This news story was first published by Chaffey Breeze and is the property of of Chaffey Breeze. If you are viewing this news story on another website, it was stolen and reposted in violation of United States & international trademark & copyright law. The original version of this news story can be accessed at https://www.chaffeybreeze.com/2019/02/14/gaming-and-leisure-properties-inc-glpi-holdings-boosted-by-benjamin-f-edwards-company-inc.html.

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.

See Also: Bear Market

Want to see what other hedge funds are holding GLPI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gaming and Leisure Properties Inc (NASDAQ:GLPI).

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

Receive News & Ratings for Gaming and Leisure Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gaming and Leisure Properties and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply