Harel Insurance Investments & Financial Services Ltd. Buys New Position in Gaming and Leisure Properties Inc (NASDAQ:GLPI)

Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,500 shares of the real estate investment trust’s stock, valued at approximately $172,000.

A number of other hedge funds have also recently made changes to their positions in GLPI. Tower Research Capital LLC TRC raised its stake in shares of Gaming and Leisure Properties by 51.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,662 shares of the real estate investment trust’s stock worth $217,000 after purchasing an additional 1,930 shares in the last quarter. Brasada Capital Management LP increased its holdings in shares of Gaming and Leisure Properties by 2.7% during the 3rd quarter. Brasada Capital Management LP now owns 27,245 shares of the real estate investment trust’s stock valued at $1,042,000 after acquiring an additional 721 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Gaming and Leisure Properties during the 3rd quarter valued at about $2,103,000. Willingdon Wealth Management increased its holdings in shares of Gaming and Leisure Properties by 2.6% during the 3rd quarter. Willingdon Wealth Management now owns 103,332 shares of the real estate investment trust’s stock valued at $3,951,000 after acquiring an additional 2,655 shares during the last quarter. Finally, Picton Mahoney Asset Management acquired a new position in shares of Gaming and Leisure Properties during the 3rd quarter valued at about $1,538,000. 84.85% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Matthew Demchyk acquired 2,500 shares of the firm’s stock in a transaction dated Friday, November 8th. The shares were bought at an average price of $42.00 per share, with a total value of $105,000.00. Following the acquisition, the senior vice president now owns 50,000 shares of the company’s stock, valued at $2,100,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 12,500 shares of company stock worth $499,850 in the last ninety days. Insiders own 6.05% of the company’s stock.

A number of research analysts have recently commented on the company. Nomura set a $42.00 price objective on Gaming and Leisure Properties and gave the company a “hold” rating in a report on Wednesday, August 7th. Scotiabank assumed coverage on Gaming and Leisure Properties in a report on Monday, July 29th. They set an “outperform” rating on the stock. Morgan Stanley set a $47.00 price objective on Gaming and Leisure Properties and gave the company a “buy” rating in a report on Friday, August 9th. ValuEngine lowered Gaming and Leisure Properties from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Macquarie assumed coverage on Gaming and Leisure Properties in a report on Thursday, October 24th. They set an “outperform” rating and a $44.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $43.67.

GLPI traded down $0.04 during midday trading on Thursday, reaching $42.43. The company’s stock had a trading volume of 14,070 shares, compared to its average volume of 735,220. The stock has a market cap of $9.13 billion, a P/E ratio of 13.35, a PEG ratio of 1.28 and a beta of 0.52. The company has a fifty day simple moving average of $39.46 and a 200 day simple moving average of $39.12. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 2.82. Gaming and Leisure Properties Inc has a twelve month low of $31.19 and a twelve month high of $42.85.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results on Thursday, October 31st. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.83 by ($0.41). The business had revenue of $287.61 million during the quarter, compared to analyst estimates of $288.09 million. Gaming and Leisure Properties had a net margin of 27.62% and a return on equity of 14.76%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same period last year, the business earned $0.76 EPS. Sell-side analysts expect that Gaming and Leisure Properties Inc will post 3.36 earnings per share for the current year.

About Gaming and Leisure Properties

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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