Envestnet Asset Management Inc. Has $30.79 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Envestnet Asset Management Inc. raised its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 604,875 shares of the real estate investment trust's stock after acquiring an additional 16,617 shares during the period. Envestnet Asset Management Inc. owned approximately 0.22% of Gaming and Leisure Properties worth $30,788,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in GLPI. Alpine Bank Wealth Management bought a new stake in Gaming and Leisure Properties during the 1st quarter valued at $26,000. Private Trust Co. NA acquired a new position in shares of Gaming and Leisure Properties during the 1st quarter valued at $28,000. Wayfinding Financial LLC acquired a new position in shares of Gaming and Leisure Properties during the 1st quarter valued at $33,000. Quarry LP increased its position in shares of Gaming and Leisure Properties by 52.5% during the 4th quarter. Quarry LP now owns 979 shares of the real estate investment trust's stock valued at $47,000 after purchasing an additional 337 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of Gaming and Leisure Properties by 149.8% during the 4th quarter. Bessemer Group Inc. now owns 1,029 shares of the real estate investment trust's stock valued at $49,000 after purchasing an additional 617 shares during the period. Institutional investors own 91.14% of the company's stock.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $46.58, for a total value of $186,320.00. Following the completion of the sale, the director owned 136,953 shares of the company's stock, valued at $6,379,270.74. The trade was a 2.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.26% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on GLPI shares. Mizuho lowered their price target on Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a research report on Monday, June 16th. Macquarie reiterated an "outperform" rating and set a $60.00 price target on shares of Gaming and Leisure Properties in a research report on Friday, April 25th. Wells Fargo & Company decreased their target price on Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a report on Monday, June 2nd. Barclays lifted their target price on Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 22nd. Finally, Wedbush set a $55.00 target price on Gaming and Leisure Properties in a report on Monday, April 28th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $53.68.

Gaming and Leisure Properties Stock Up 0.1%

GLPI traded up $0.07 during trading on Friday, reaching $47.52. 596,326 shares of the stock traded hands, compared to its average volume of 1,338,847. The stock has a market cap of $13.06 billion, a price-to-earnings ratio of 16.93, a price-to-earnings-growth ratio of 10.37 and a beta of 0.72. Gaming and Leisure Properties, Inc. has a fifty-two week low of $44.48 and a fifty-two week high of $52.60. The company has a debt-to-equity ratio of 1.51, a current ratio of 4.12 and a quick ratio of 4.12. The stock's 50-day simple moving average is $46.90 and its two-hundred day simple moving average is $48.09.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.96. The firm had revenue of $395.24 million during the quarter, compared to analysts' expectations of $396.27 million. Gaming and Leisure Properties had a return on equity of 17.02% and a net margin of 50.41%. The business's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 earnings per share. As a group, equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 13th were given a dividend of $0.78 per share. This is a boost from Gaming and Leisure Properties's previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Friday, June 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.57%. Gaming and Leisure Properties's dividend payout ratio (DPR) is presently 111.03%.

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.