Vestmark Advisory Solutions Inc. Decreases Stake in Gaming and Leisure Properties, Inc. $GLPI

Vestmark Advisory Solutions Inc. trimmed its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 56.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,173 shares of the real estate investment trust’s stock after selling 9,215 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Gaming and Leisure Properties were worth $335,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Cbre Investment Management Listed Real Assets LLC boosted its stake in Gaming and Leisure Properties by 64.5% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 181,997 shares of the real estate investment trust’s stock worth $8,496,000 after buying an additional 71,343 shares during the period. Andra AP fonden raised its holdings in shares of Gaming and Leisure Properties by 206.8% in the second quarter. Andra AP fonden now owns 386,200 shares of the real estate investment trust’s stock valued at $18,028,000 after acquiring an additional 260,300 shares in the last quarter. Prosperity Consulting Group LLC grew its holdings in Gaming and Leisure Properties by 6.1% during the 2nd quarter. Prosperity Consulting Group LLC now owns 6,193 shares of the real estate investment trust’s stock worth $289,000 after acquiring an additional 354 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Gaming and Leisure Properties by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,985,668 shares of the real estate investment trust’s stock valued at $139,371,000 after purchasing an additional 46,371 shares in the last quarter. Finally, Machina Capital S.A.S. boosted its stake in shares of Gaming and Leisure Properties by 83.6% during the second quarter. Machina Capital S.A.S. now owns 27,883 shares of the real estate investment trust’s stock valued at $1,302,000 after purchasing an additional 12,696 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. Scotiabank increased their target price 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. Stifel Nicolaus reduced their target price on shares of 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. Barclays upgraded 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 note on Monday, October 20th. Mizuho increased 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. Finally, Macquarie decreased their price objective on shares of Gaming and Leisure Properties from $60.00 to $59.00 and set an “outperform” rating for the company in a research report on Monday, July 28th. Six equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $52.50.

Insider Transactions at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the transaction, the director owned 129,953 shares in the company, valued at $5,911,561.97. The trade was a 2.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $44.74 on Thursday. The firm has a market cap of $12.66 billion, a P/E ratio of 16.23, a P/E/G ratio of 9.80 and a beta of 0.74. The company has a debt-to-equity ratio of 1.47, a quick ratio of 13.23 and a current ratio of 13.23. Gaming and Leisure Properties, Inc. has a one year low of $42.26 and a one year high of $52.27. The firm’s 50 day moving average price is $45.88 and its 200-day moving average price is $46.55.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, beating analysts’ consensus estimates 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 $397.60 million during the quarter, compared to analysts’ expectations of $399.66 million. During the same period last year, the business posted $0.95 EPS. Gaming and Leisure Properties’s revenue for the quarter was up 3.2% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities 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 declared a quarterly dividend, which was paid on Friday, September 26th. Shareholders of record on Friday, September 12th were given a dividend of $0.78 per share. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.12 annualized dividend and a yield of 7.0%. Gaming and Leisure Properties’s payout ratio is 113.04%.

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.