Pictet Asset Management Ltd. Purchases 9,100 Shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI)

Pictet Asset Management Ltd. boosted its position in shares of Gaming and Leisure Properties Inc (NASDAQ:GLPI) by 36.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,200 shares of the real estate investment trust’s stock after purchasing an additional 9,100 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Gaming and Leisure Properties were worth $1,319,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Quadrant Capital Group LLC raised its holdings in Gaming and Leisure Properties by 39.9% during the 1st quarter. Quadrant Capital Group LLC now owns 988 shares of the real estate investment trust’s stock worth $35,000 after purchasing an additional 282 shares during the last quarter. Washington Trust Bank raised its holdings in Gaming and Leisure Properties by 14.9% during the 1st quarter. Washington Trust Bank now owns 2,230 shares of the real estate investment trust’s stock worth $86,000 after purchasing an additional 290 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Gaming and Leisure Properties by 50.6% during the 4th quarter. Parallel Advisors LLC now owns 905 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 304 shares during the period. Signaturefd LLC grew its position in shares of Gaming and Leisure Properties by 100.3% during the 1st quarter. Signaturefd LLC now owns 721 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 361 shares during the period. Finally, Advisory Services Network LLC grew its position in shares of Gaming and Leisure Properties by 24.1% during the 4th quarter. Advisory Services Network LLC now owns 1,960 shares of the real estate investment trust’s stock worth $63,000 after buying an additional 380 shares during the period. 88.31% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. BidaskClub lowered Gaming and Leisure Properties from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 17th. Zacks Investment Research lowered Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research report on Friday, May 10th. Morgan Stanley boosted their target price on Gaming and Leisure Properties from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday. Stifel Nicolaus upgraded Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their price objective for the company from $39.00 to $43.00 in a research report on Monday, April 15th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $47.00 price objective on shares of Gaming and Leisure Properties in a research report on Sunday, May 12th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $42.80.



Shares of GLPI traded up $0.10 on Wednesday, hitting $40.43. The company’s stock had a trading volume of 12,111 shares, compared to its average volume of 1,237,897. The company has a debt-to-equity ratio of 2.72, a quick ratio of 2.99 and a current ratio of 2.99. Gaming and Leisure Properties Inc has a fifty-two week low of $31.19 and a fifty-two week high of $40.69. The firm has a market capitalization of $8.51 billion, a PE ratio of 12.70, a P/E/G ratio of 0.95 and a beta of 0.57.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 14th will be given a $0.68 dividend. The ex-dividend date is Thursday, June 13th. This represents a $2.72 annualized dividend and a dividend yield of 6.73%. Gaming and Leisure Properties’s dividend payout ratio is presently 85.53%.

In other Gaming and Leisure Properties news, CAO Desiree A. Burke sold 41,458 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $39.06, for a total value of $1,619,349.48. Following the sale, the chief accounting officer now owns 119,264 shares in the company, valued at approximately $4,658,451.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.88% of the company’s stock.

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Gaming and Leisure Properties Company Profile

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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