Cetera Investment Advisers Has $2.59 Million Holdings in Gaming and Leisure Properties, Inc. $GLPI

Cetera Investment Advisers decreased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 19.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,556 shares of the real estate investment trust’s stock after selling 13,012 shares during the period. Cetera Investment Advisers’ holdings in Gaming and Leisure Properties were worth $2,593,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Avantax Advisory Services Inc. increased its stake in Gaming and Leisure Properties by 6.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 28,279 shares of the real estate investment trust’s stock valued at $1,439,000 after buying an additional 1,769 shares during the period. Assetmark Inc. increased its stake in shares of Gaming and Leisure Properties by 49.6% in the first quarter. Assetmark Inc. now owns 989 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 328 shares during the last quarter. HB Wealth Management LLC raised its holdings in shares of Gaming and Leisure Properties by 101.1% during the first quarter. HB Wealth Management LLC now owns 8,799 shares of the real estate investment trust’s stock worth $448,000 after acquiring an additional 4,423 shares in the last quarter. TD Asset Management Inc boosted its position in Gaming and Leisure Properties by 11.8% during the first quarter. TD Asset Management Inc now owns 76,727 shares of the real estate investment trust’s stock valued at $3,905,000 after purchasing an additional 8,079 shares during the last quarter. Finally, LPL Financial LLC grew its stake in Gaming and Leisure Properties by 7.4% in the first quarter. LPL Financial LLC now owns 199,701 shares of the real estate investment trust’s stock valued at $10,165,000 after purchasing an additional 13,840 shares in the last quarter. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total transaction of $181,960.00. Following the completion of the sale, the director directly owned 129,953 shares in the company, valued at $5,911,561.97. This represents a 2.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 4.26% of the stock is currently owned by corporate insiders.

Gaming and Leisure Properties Stock Up 0.5%

Shares of GLPI stock opened at $43.54 on Friday. The stock’s 50 day simple moving average is $44.86 and its 200 day simple moving average is $46.26. Gaming and Leisure Properties, Inc. has a twelve month low of $42.26 and a twelve month high of $52.27. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23. The company has a market capitalization of $12.32 billion, a price-to-earnings ratio of 15.77, a PEG ratio of 9.39 and a beta of 0.74.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 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 company had revenue of $397.61 million for the quarter, compared to the consensus estimate of $399.66 million. During the same quarter last year, the company posted $0.95 earnings per share. The company’s revenue for the quarter 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, research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, December 5th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.12 dividend on an annualized basis and a yield of 7.2%. Gaming and Leisure Properties’s payout ratio is currently 113.04%.

Analysts Set New Price Targets

Several brokerages have weighed in on GLPI. Barclays raised Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $51.00 to $54.00 in a research report on Monday, October 20th. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Wednesday, October 8th. Cantor Fitzgerald cut their price objective on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Thursday, November 6th. Mizuho boosted their target price on shares of 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. Finally, Scotiabank increased 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 research note on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $52.38.

Gaming and Leisure Properties Company 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.