Retirement Systems of Alabama Has $32.97 Million Stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Retirement Systems of Alabama increased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 4.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 729,298 shares of the real estate investment trust’s stock after purchasing an additional 29,794 shares during the period. Retirement Systems of Alabama owned approximately 0.27% of Gaming and Leisure Properties worth $32,972,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Headlands Technologies LLC acquired a new position in shares of Gaming and Leisure Properties during the fourth quarter worth about $30,000. EdgeRock Capital LLC acquired a new position in Gaming and Leisure Properties during the 4th quarter worth approximately $33,000. MCF Advisors LLC grew its stake in shares of Gaming and Leisure Properties by 416.7% during the 1st 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 in the last quarter. Versant Capital Management Inc raised its holdings 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 during the last quarter. Finally, Mather Group LLC. bought a new stake in shares of Gaming and Leisure Properties in the first quarter worth $42,000. Institutional investors own 91.14% of the company’s stock.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 5,605 shares of Gaming and Leisure Properties stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $48.89, for a total value of $274,028.45. Following the completion of the sale, the director now owns 156,685 shares in the company, valued at approximately $7,660,329.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.40% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ:GLPI traded up $1.00 during trading on Friday, reaching $50.74. 2,253,370 shares of the stock were exchanged, compared to its average volume of 1,342,636. Gaming and Leisure Properties, Inc. has a 12 month low of $41.80 and a 12 month high of $50.88. The stock has a 50-day moving average price of $47.44 and a 200-day moving average price of $45.65. The company has a current ratio of 5.91, a quick ratio of 5.91 and a debt-to-equity ratio of 1.49. The firm has a market cap of $13.78 billion, a PE ratio of 18.72, a PEG ratio of 5.14 and a beta of 0.98.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, July 25th. The real estate investment trust reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.15). Gaming and Leisure Properties had a net margin of 52.79% and a return on equity of 17.60%. The firm had revenue of $380.60 million during the quarter, compared to the consensus estimate of $377.95 million. The business’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.92 earnings per share. Research analysts expect that Gaming and Leisure Properties, Inc. will post 3.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

GLPI has been the subject of a number of analyst reports. Wolfe Research raised shares of Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 target price for the company in a research report on Friday. Scotiabank boosted their target price on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Tuesday, July 16th. JMP Securities increased their price target on shares of Gaming and Leisure Properties from $53.00 to $55.00 and gave the company a “market outperform” rating in a research note on Monday, August 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Gaming and Leisure Properties from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Monday, July 29th. Finally, Raymond James upped their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.89.

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.