Envestnet Asset Management Inc. Sells 118,736 Shares of Gaming and Leisure Properties, Inc. $GLPI

Envestnet Asset Management Inc. trimmed its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 19.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 486,139 shares of the real estate investment trust’s stock after selling 118,736 shares during the quarter. Envestnet Asset Management Inc. owned about 0.17% of Gaming and Leisure Properties worth $22,693,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. TD Private Client Wealth LLC lifted its stake in Gaming and Leisure Properties by 64.2% during the first 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 last quarter. Woodward Diversified Capital LLC increased its position in shares of Gaming and Leisure Properties by 5.8% during the first quarter. Woodward Diversified Capital LLC now owns 4,402 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 243 shares during the period. Freedom Investment Management Inc. boosted its position in shares of Gaming and Leisure Properties by 4.6% during the 2nd quarter. Freedom Investment Management Inc. now owns 5,977 shares of the real estate investment trust’s stock valued at $279,000 after purchasing an additional 261 shares in the last quarter. REAP Financial Group LLC boosted its stake in Gaming and Leisure Properties by 66.0% during the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 264 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in Gaming and Leisure Properties by 18.4% in the second quarter. Whittier Trust Co. now owns 1,708 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 265 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

GLPI stock opened at $45.19 on Wednesday. Gaming and Leisure Properties, Inc. has a 12-month low of $42.26 and a 12-month high of $52.27. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. The firm’s 50-day moving average price is $46.25 and its two-hundred day moving average price is $46.70. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 16.37, a PEG ratio of 9.89 and a beta of 0.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.01. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The firm had revenue of $397.60 million for the quarter, compared to analysts’ expectations of $399.66 million. During the same period in the previous year, the firm earned $0.95 earnings per share. The business’s revenue was up 3.2% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 26th. Stockholders of record on Friday, September 12th were given a $0.78 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.9%. Gaming and Leisure Properties’s dividend payout ratio is currently 113.04%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GLPI. Stifel Nicolaus decreased their price objective on Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a report on Friday, October 31st. Scotiabank upped their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a research report on Thursday, August 28th. Mizuho increased their target price on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Royal Bank Of Canada dropped their price objective on 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. Finally, Macquarie dropped their price objective on Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a research note on Monday, July 28th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $52.65.

About Gaming and Leisure Properties

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.