Shares of Gaming and Leisure Properties Inc. (NASDAQ:GLPI) hit a new 52-week high during trading on Thursday . The stock traded as high as $35.69 and last traded at $35.61, with a volume of 500,696 shares. The stock had previously closed at $35.34.

GLPI has been the subject of several research analyst reports. Morgan Stanley reaffirmed a “hold” rating on shares of Gaming and Leisure Properties in a report on Wednesday, April 27th. Zacks Investment Research downgraded shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a report on Tuesday, April 5th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a report on Friday, June 10th. Telsey Advisory Group lifted their target price on shares of 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, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $39.00 target price on shares of Gaming and Leisure Properties in a report on Wednesday, April 13th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $33.78.

The firm has a 50 day moving average of $34.78 and a 200 day moving average of $31.06. The firm has a market capitalization of $5.23 billion and a price-to-earnings ratio of 33.24.

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

In other news, SVP Brandon John Moore sold 13,216 shares of the stock in a transaction dated Tuesday, June 21st. The shares were sold at an average price of $34.65, for a total value of $457,934.40. Following the completion of the sale, the senior vice president now owns 33,602 shares in the company, valued at $1,164,309.30. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO William J. Clifford sold 100,000 shares of the stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $32.82, for a total transaction of $3,282,000.00. Following the completion of the sale, the chief financial officer now owns 235,828 shares of the company’s stock, valued at approximately $7,739,874.96. The disclosure for this sale can be found here.

Several hedge funds have recently made changes to their positions in the stock. Rhumbline Advisers increased its stake in shares of Gaming and Leisure Properties by 4.3% in the fourth quarter. Rhumbline Advisers now owns 85,901 shares of the company’s stock valued at $2,388,000 after buying an additional 3,561 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of 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 in the last quarter. New York State Common Retirement Fund increased its stake in shares of Gaming and Leisure Properties by 10.8% in the fourth quarter. New York State Common Retirement Fund now owns 299,850 shares of the company’s stock valued at $8,336,000 after buying an additional 29,310 shares in the last quarter. Affinity Investment Advisors LLC increased its stake in shares of 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 valued at $3,384,000 after buying an additional 32,460 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of 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 in 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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