Envestnet Portfolio Solutions Inc. Cuts Position in Gaming and Leisure Properties, Inc. $GLPI

Envestnet Portfolio Solutions Inc. lessened its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 19.7% during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,665 shares of the real estate investment trust’s stock after selling 3,109 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Gaming and Leisure Properties were worth $591,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. GF Fund Management CO. LTD. boosted its stake in shares of Gaming and Leisure Properties by 4.2% in the 1st quarter. GF Fund Management CO. LTD. now owns 5,197 shares of the real estate investment trust’s stock worth $265,000 after buying an additional 211 shares during the last quarter. TD Private Client Wealth LLC raised its holdings in shares of Gaming and Leisure Properties by 64.2% in the 1st quarter. TD Private Client Wealth LLC now owns 545 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 213 shares during the period. Pure Financial Advisors LLC raised its holdings in shares of Gaming and Leisure Properties by 2.6% in the 1st quarter. Pure Financial Advisors LLC now owns 8,676 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 221 shares during the period. Woodward Diversified Capital LLC raised its holdings in shares of Gaming and Leisure Properties by 5.8% in the 1st quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 243 shares during the period. Finally, REAP Financial Group LLC raised its holdings in shares of Gaming and Leisure Properties by 66.0% in the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 264 shares during the period. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on GLPI. Stifel Nicolaus cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating and set a $51.25 price target on the stock. in a report on Monday, July 21st. Mizuho lifted their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Cantor Fitzgerald began coverage on shares of Gaming and Leisure Properties in a report on Wednesday, October 1st. They issued a “neutral” rating and a $51.00 price target on the stock. Scotiabank lifted their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Finally, Royal Bank Of Canada lowered their target price on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a report on Monday, July 28th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $52.94.

Gaming and Leisure Properties Trading Up 0.0%

Shares of GLPI stock opened at $45.12 on Wednesday. The company’s fifty day simple moving average is $46.73 and its two-hundred day simple moving average is $46.94. The company has a debt-to-equity ratio of 1.41, a current ratio of 7.39 and a quick ratio of 7.39. Gaming and Leisure Properties, Inc. has a 1 year low of $44.21 and a 1 year high of $52.27. The stock has a market capitalization of $12.77 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 9.81 and a beta of 0.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its earnings results on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The business had revenue of $394.90 million for the quarter, compared to the consensus estimate of $397.27 million. During the same period in the previous year, the firm earned $0.94 EPS. The company’s revenue was up 3.8% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. As a group, analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date was Friday, September 12th. Gaming and Leisure Properties’s payout ratio is 120.93%.

Insider Activity at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 3,000 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total transaction of $139,620.00. Following the completion of the transaction, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. The trade was a 2.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.26% of the stock is owned by company insiders.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.