Gaming and Leisure Properties Inc. (NASDAQ:GLPI) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $35.37 and last traded at $35.26, with a volume of 438,802 shares. The stock had previously closed at $35.22.

Several research analysts have recently commented on GLPI shares. Deutsche Bank AG reiterated a “buy” rating on shares of Gaming and Leisure Properties in a report on Sunday, June 26th. Zacks Investment Research upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Wednesday, April 13th. Wells Fargo & Co. reiterated a “buy” rating on shares of Gaming and Leisure Properties in a report on Friday, June 10th. Telsey Advisory Group lifted their price target on Gaming and Leisure Properties from $31.00 to $33.00 and gave the stock a “market perform” rating in a report on Friday, April 15th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $34.00 price target on shares of Gaming and Leisure Properties in a report on Friday, April 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $33.78.

The stock has a market capitalization of $5.16 billion and a P/E ratio of 32.81. The firm’s 50-day moving average is $34.51 and its 200-day moving average is $30.76.

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

In other Gaming and Leisure Properties news, SVP Desiree A. Burke sold 16,519 shares of the company’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $35.10, for a total value of $579,816.90. Following the sale, the senior vice president now owns 48,149 shares of the company’s stock, valued at $1,690,029.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Peter M. Carlino sold 314,461 shares of the company’s stock in a transaction on Monday, June 27th. The shares were sold at an average price of $34.33, for a total value of $10,795,446.13. Following the completion of the sale, the chief executive officer now directly owns 3,851,383 shares in the company, valued at approximately $132,217,978.39. The disclosure for this sale can be found here.

A number of hedge funds have recently bought and sold shares of GLPI. Harris Associates L P raised its stake 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. Affinity Investment Advisors LLC raised its stake 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 last quarter. Neuberger Berman Group LLC raised its stake in Gaming and Leisure Properties by 17.6% in the fourth quarter. Neuberger Berman Group LLC now owns 87,216 shares of the company’s stock worth $2,425,000 after buying an additional 13,050 shares during the last quarter. Vanguard Group Inc. raised its stake 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 worth $364,778,000 after buying an additional 404,919 shares during the last quarter. Finally, Rhumbline Advisers raised its stake in Gaming and Leisure Properties by 4.3% in the fourth quarter. Rhumbline Advisers now owns 85,901 shares of the company’s stock worth $2,388,000 after buying an additional 3,561 shares during the last quarter.

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.

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