American Asset Management Inc. Buys 1,785 Shares of Gaming and Leisure Properties Inc (GLPI)

American Asset Management Inc. increased its stake in Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 11.1% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,834 shares of the real estate investment trust’s stock after buying an additional 1,785 shares during the period. Gaming and Leisure Properties accounts for about 0.4% of American Asset Management Inc.’s holdings, making the stock its 24th largest holding. American Asset Management Inc.’s holdings in Gaming and Leisure Properties were worth $660,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware purchased a new stake in Gaming and Leisure Properties during the 2nd quarter valued at $101,000. Advisor Group Inc. boosted its stake in Gaming and Leisure Properties by 75.3% during the 2nd quarter. Advisor Group Inc. now owns 4,650 shares of the real estate investment trust’s stock valued at $143,000 after purchasing an additional 1,998 shares during the last quarter. First Quadrant L P CA purchased a new stake in Gaming and Leisure Properties during the 3rd quarter valued at $151,000. Stifel Financial Corp purchased a new stake in Gaming and Leisure Properties during the 3rd quarter valued at $249,000. Finally, The Manufacturers Life Insurance Company boosted its stake in Gaming and Leisure Properties by 7.5% during 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 purchasing an additional 473 shares during the last quarter. Institutional investors own 92.04% of the company’s stock.

In other news, Director E Scott Urdang purchased 5,000 shares of the stock in a transaction dated Monday, October 30th. The shares were purchased at an average cost of $36.23 per share, with a total value of $181,150.00. Following the acquisition, the director now directly owns 55,241 shares of the company’s stock, valued at $2,001,381.43. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.88% of the stock is owned by corporate insiders.

GLPI has been the topic of several recent analyst reports. SunTrust Banks upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Thursday, January 11th. Barclays reiterated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Sunday, December 24th. Ladenburg Thalmann Financial Services set a $43.00 target price on Gaming and Leisure Properties and gave the company a “buy” rating in a research note on Tuesday, December 19th. UBS Group upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research note on Tuesday, December 19th. Finally, Zacks Investment Research upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research note on Tuesday, October 31st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $40.17.

Gaming and Leisure Properties Inc (NASDAQ:GLPI) traded up $0.47 during midday trading on Wednesday, hitting $36.76. The stock had a trading volume of 882,099 shares, compared to its average volume of 1,022,345. The company has a market cap of $7,820.00, a PE ratio of 20.42 and a beta of 0.57. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.62 and a quick ratio of 0.62. Gaming and Leisure Properties Inc has a 12-month low of $30.22 and a 12-month high of $39.32.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 26th. The real estate investment trust reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $244.50 million for the quarter, compared to analysts’ expectations of $243.66 million. Gaming and Leisure Properties had a return on equity of 17.37% and a net margin of 39.31%. The company’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS. analysts expect that Gaming and Leisure Properties Inc will post 3.09 EPS for the current fiscal year.

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Gaming and Leisure Properties Company Profile

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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