Gaming and Leisure Properties Inc (NASDAQ:GLPI) saw unusually large options trading activity on Wednesday. Investors bought 3,610 call options on the stock. This is an increase of approximately 3,152% compared to the typical volume of 111 call options.
Shares of Gaming and Leisure Properties (GLPI) opened at $33.40 on Thursday. Gaming and Leisure Properties has a 52-week low of $30.22 and a 52-week high of $39.32. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market cap of $7,172.83, a price-to-earnings ratio of 18.76 and a beta of 0.79.
Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.33). Gaming and Leisure Properties had a net margin of 39.18% and a return on equity of 17.28%. The business had revenue of $240.70 million during the quarter, compared to analyst estimates of $243.27 million. During the same period in the previous year, the business posted $0.45 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. equities analysts forecast that Gaming and Leisure Properties will post 3.05 earnings per share for the current year.
GLPI has been the subject of several research reports. Stifel Nicolaus reissued a “hold” rating on shares of Gaming and Leisure Properties in a research report on Friday, February 9th. Barclays reissued a “buy” rating on shares of Gaming and Leisure Properties in a research report on Sunday, December 24th. Bank of America reduced their price target on shares of Gaming and Leisure Properties from $33.00 to $31.00 and set an “underperform” rating for the company in a research report on Friday, February 9th. UBS Group raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Tuesday, December 19th. Finally, Jefferies Group initiated coverage on shares of Gaming and Leisure Properties in a research report on Thursday, January 18th. They issued a “hold” rating for the company. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $38.13.
In related news, CEO Peter M. Carlino acquired 40,000 shares of Gaming and Leisure Properties stock in a transaction dated Monday, February 12th. The stock was bought at an average price of $33.33 per share, with a total value of $1,333,200.00. Following the transaction, the chief executive officer now directly owns 4,388,089 shares in the company, valued at approximately $146,255,006.37. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO William J. Clifford acquired 54,606 shares of Gaming and Leisure Properties stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $33.00 per share, with a total value of $1,801,998.00. Following the transaction, the chief financial officer now owns 320,674 shares in the company, valued at $10,582,242. The disclosure for this purchase can be found here. Company insiders own 5.88% of the company’s stock.
A number of large investors have recently modified their holdings of GLPI. Focused Wealth Management Inc bought a new position in Gaming and Leisure Properties during the 4th quarter valued at $100,000. First Quadrant L P CA bought a new position in Gaming and Leisure Properties during the 3rd quarter valued at $151,000. American International Group Inc. bought a new position in Gaming and Leisure Properties during the 4th quarter valued at $160,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Gaming and Leisure Properties by 46.5% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,290 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 1,679 shares in the last quarter. Finally, Signition LP bought a new position in Gaming and Leisure Properties during the 4th quarter valued at $224,000. Institutional investors and hedge funds own 95.65% of the company’s stock.
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About Gaming and Leisure Properties
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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