State of Alaska Department of Revenue raised its position in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 2.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 91,018 shares of the real estate investment trust’s stock after purchasing an additional 2,108 shares during the period. State of Alaska Department of Revenue’s holdings in Gaming and Leisure Properties were worth $3,507,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GLPI. Parallel Advisors LLC raised its position in Gaming and Leisure Properties by 50.6% during the 4th quarter. Parallel Advisors LLC now owns 905 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 304 shares in the last quarter. We Are One Seven LLC bought a new stake in Gaming and Leisure Properties during the 4th quarter valued at $31,000. Ffcm LLC raised its position in Gaming and Leisure Properties by 72.4% during the 4th quarter. Ffcm LLC now owns 1,141 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 479 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its position in Gaming and Leisure Properties by 43.4% during the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 1,434 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 434 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Gaming and Leisure Properties by 50.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,787 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 602 shares in the last quarter. 88.22% of the stock is owned by institutional investors and hedge funds.

Shares of GLPI stock opened at $39.53 on Monday. Gaming and Leisure Properties Inc has a 1-year low of $31.19 and a 1-year high of $39.63. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 2.58. The firm has a market cap of $8.48 billion, a P/E ratio of 12.43, a price-to-earnings-growth ratio of 1.41 and a beta of 0.55.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Wednesday, February 13th. The real estate investment trust reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.82 by $0.02. Gaming and Leisure Properties had a return on equity of 14.42% and a net margin of 32.16%. The firm had revenue of $303.30 million for the quarter, compared to the consensus estimate of $306.12 million. During the same period in the previous year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. On average, equities research analysts forecast that Gaming and Leisure Properties Inc will post 3.36 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, March 22nd. Investors of record on Friday, March 8th were paid a dividend of $0.68 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $2.72 annualized dividend and a yield of 6.88%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 85.53%.

A number of brokerages have weighed in on GLPI. Stifel Nicolaus raised Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Monday. BidaskClub raised Gaming and Leisure Properties from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 29th. Finally, Zacks Investment Research lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Saturday, January 19th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $39.90.

In other Gaming and Leisure Properties news, CAO Desiree A. Burke sold 41,458 shares of the business’s stock in a transaction dated 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 sale, the chief accounting officer now owns 119,264 shares in the company, valued at approximately $4,658,451.84. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Matthew Demchyk purchased 4,000 shares of the company’s stock in a transaction on Thursday, February 28th. The shares were purchased at an average price of $36.50 per share, for a total transaction of $146,000.00. Following the purchase, the senior vice president now owns 37,500 shares in the company, valued at approximately $1,368,750. The disclosure for this purchase can be found here. 5.88% of the stock is currently owned by insiders.

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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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