Brasada Capital Management LP boosted its stake in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 32.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,810 shares of the real estate investment trust’s stock after purchasing an additional 6,560 shares during the quarter. Brasada Capital Management LP’s holdings in Gaming and Leisure Properties were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. California Public Employees Retirement System boosted its holdings in Gaming and Leisure Properties by 5.8% in the first quarter. California Public Employees Retirement System now owns 374,435 shares of the real estate investment trust’s stock valued at $14,442,000 after acquiring an additional 20,672 shares in the last quarter. Schnieders Capital Management LLC bought a new stake in Gaming and Leisure Properties in the first quarter valued at $277,000. Honeywell International Inc. boosted its holdings in Gaming and Leisure Properties by 19.4% in the first quarter. Honeywell International Inc. now owns 86,942 shares of the real estate investment trust’s stock valued at $3,353,000 after acquiring an additional 14,135 shares in the last quarter. Cornerstone Wealth Group LLC bought a new stake in Gaming and Leisure Properties in the first quarter valued at $2,081,000. Finally, State of New Jersey Common Pension Fund D bought a new stake in Gaming and Leisure Properties in the first quarter valued at $964,000. 90.67% of the stock is currently owned by institutional investors and hedge funds.

Shares of Gaming and Leisure Properties stock opened at $39.53 on Wednesday. The company has a quick ratio of 2.99, a current ratio of 2.99 and a debt-to-equity ratio of 2.72. The firm has a market cap of $8.53 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 0.95 and a beta of 0.56. Gaming and Leisure Properties Inc has a 12 month low of $31.19 and a 12 month high of $40.69.

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

GLPI has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Friday, January 25th. BidaskClub upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a report on Friday, January 25th. Credit Suisse Group reiterated an “outperform” rating and issued a $41.00 price target on shares of Gaming and Leisure Properties in a report on Wednesday, March 20th. Finally, Stifel Nicolaus upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their price target 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, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $41.70.

In other Gaming and Leisure Properties news, CAO Desiree A. Burke sold 41,458 shares of the firm’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 transaction, the chief accounting officer now owns 119,264 shares of the company’s stock, valued at $4,658,451.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew Demchyk acquired 1,000 shares of the stock in a transaction on Wednesday, February 20th. The shares were purchased at an average cost of $36.49 per share, with a total value of $36,490.00. Following the transaction, the senior vice president now directly owns 33,500 shares of the company’s stock, valued at approximately $1,222,415. The disclosure for this purchase can be found here. Company insiders own 5.88% of the company’s stock.

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Gaming and Leisure Properties 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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