Gaming and Leisure Properties Inc. (NASDAQ:GLPI)’s share price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $35.37 and last traded at $35.26, with a volume of 438,802 shares changing hands. The stock had previously closed at $35.22.

A number of brokerages have issued reports on GLPI. Deutsche Bank AG reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a research note on Sunday, June 26th. Morgan Stanley reaffirmed a “hold” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, April 27th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a research note on Friday, June 10th. SunTrust Banks Inc. began coverage on Gaming and Leisure Properties in a research note on Friday, April 8th. They set a “neutral” rating and a $32.00 price target for the company. Finally, Zacks Investment Research lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, April 5th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $33.78.

The company has a market capitalization of $5.14 billion and a price-to-earnings ratio of 32.695. The firm has a 50 day moving average of $34.39 and a 200-day moving average of $30.68.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Tuesday, April 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The firm earned $148.80 million during the quarter, compared to the consensus estimate of $149.07 million. The business’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.67 EPS. On average, equities research analysts anticipate that Gaming and Leisure Properties Inc. will post $2.94 earnings per share for the current year.

In other news, CFO William J. Clifford sold 100,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, June 1st. The shares were sold at an average price of $33.18, for a total value of $3,318,000.00. Following the completion of the transaction, the chief financial officer now owns 175,052 shares in the company, valued at $5,808,225.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Peter M. Carlino sold 283,254 shares of Gaming and Leisure Properties stock in a transaction that occurred on Wednesday, July 6th. The shares were sold at an average price of $35.03, for a total transaction of $9,922,387.62. Following the completion of the transaction, the chief executive officer now owns 3,942,195 shares of the company’s stock, valued at approximately $138,095,090.85. The disclosure for this sale can be found here.

Several hedge funds and institutional investors have recently bought and sold shares of GLPI. Affinity Investment Advisors LLC boosted its position in Gaming and Leisure Properties by 36.4% in the fourth quarter. Affinity Investment Advisors LLC now owns 121,720 shares of the company’s stock worth $3,384,000 after buying an additional 32,460 shares during the period. Advisors Asset Management Inc. boosted its position in Gaming and Leisure Properties by 10.9% in the fourth quarter. Advisors Asset Management Inc. now owns 43,247 shares of the company’s stock valued at $1,202,000 after buying an additional 4,261 shares during the period. Harris Associates L P boosted its position in Gaming and Leisure Properties by 85.2% in the fourth quarter. Harris Associates L P now owns 1,744,901 shares of the company’s stock valued at $48,508,000 after buying an additional 802,635 shares during the period. Vanguard Group Inc. boosted its position in Gaming and Leisure Properties by 3.2% in the fourth quarter. Vanguard Group Inc. now owns 13,121,487 shares of the company’s stock valued at $364,778,000 after buying an additional 404,919 shares during the period. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp boosted its position in Gaming and Leisure Properties by 455.1% in the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 175,400 shares of the company’s stock valued at $4,876,000 after buying an additional 143,800 shares during the period.

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. The Company’s segments include GLP Capital, L.P.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.