Envestnet Portfolio Solutions Inc. Cuts Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Envestnet Portfolio Solutions Inc. reduced its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 35.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,774 shares of the real estate investment trust's stock after selling 8,786 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Gaming and Leisure Properties were worth $803,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. US Bancorp DE lifted its stake in Gaming and Leisure Properties by 106.2% in the 4th quarter. US Bancorp DE now owns 44,745 shares of the real estate investment trust's stock valued at $2,155,000 after buying an additional 23,050 shares in the last quarter. Aew Capital Management L P lifted its stake in Gaming and Leisure Properties by 1,786.5% in the 4th quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust's stock valued at $36,679,000 after buying an additional 721,230 shares in the last quarter. Toronto Dominion Bank lifted its stake in Gaming and Leisure Properties by 2.5% in the 4th quarter. Toronto Dominion Bank now owns 36,869 shares of the real estate investment trust's stock valued at $1,776,000 after buying an additional 905 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Gaming and Leisure Properties in the 4th quarter valued at about $49,188,000. Finally, Proficio Capital Partners LLC purchased a new position in Gaming and Leisure Properties in the 4th quarter valued at about $768,000. 91.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

GLPI has been the topic of a number of research reports. Royal Bank Of Canada decreased their price target on shares of Gaming and Leisure Properties from $56.00 to $54.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Wells Fargo & Company decreased their price target on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set an "equal weight" rating on the stock in a research note on Monday, June 2nd. Barclays increased their price objective on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "equal weight" rating in a report on Tuesday, April 22nd. Mizuho cut their price objective on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating for the company in a report on Monday, June 16th. Finally, Wedbush set a $55.00 price objective on shares of Gaming and Leisure Properties in a report on Monday, April 28th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Gaming and Leisure Properties presently has an average rating of "Moderate Buy" and a consensus target price of $54.17.

Gaming and Leisure Properties Trading Down 0.2%

Shares of NASDAQ GLPI traded down $0.07 during midday trading on Friday, reaching $46.38. 1,649,514 shares of the stock were exchanged, compared to its average volume of 1,330,237. The company has a 50 day simple moving average of $46.92 and a 200 day simple moving average of $48.13. The stock has a market capitalization of $12.75 billion, a P/E ratio of 16.51, a PEG ratio of 3.21 and a beta of 0.72. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.12 and a current ratio of 4.12. Gaming and Leisure Properties, Inc. has a twelve month low of $43.81 and a twelve month high of $52.60.

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

Gaming and Leisure Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 27th. Stockholders of record on Friday, June 13th were issued a dividend of $0.78 per share. The ex-dividend date was Friday, June 13th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.73%. This is an increase from Gaming and Leisure Properties's previous quarterly dividend of $0.76. Gaming and Leisure Properties's dividend payout ratio (DPR) is currently 111.03%.

Insider Transactions at Gaming and Leisure Properties

In other news, Director E Scott Urdang sold 4,000 shares of the firm's stock in a transaction that occurred on Friday, June 13th. The shares were sold at an average price of $46.58, for a total transaction of $186,320.00. Following the completion of the sale, the director now owns 136,953 shares in the company, valued at $6,379,270.74. This trade represents a 2.84% decrease in their position. 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.

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.