Vestmark Advisory Solutions Inc. Has $834,000 Stake in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Vestmark Advisory Solutions Inc. increased its position in Gaming and Leisure Properties, Inc. by 61.9% in the first quarter, holding a total of 16,388 shares valued at $834,000.
• Several other institutional investors, including TD Private Client Wealth LLC and Cullen Frost Bankers Inc., also increased their stakes, with hedge funds and institutions now owning 91.14% of the company's stock.
• Gaming and Leisure Properties reported a loss of $0.01 per share compared to expectations, with revenues of $394.90 million for the last quarter, slightly below analysts' consensus estimate of $397.27 million.

Vestmark Advisory Solutions Inc. increased its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 61.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,388 shares of the real estate investment trust's stock after acquiring an additional 6,265 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Gaming and Leisure Properties were worth $834,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of GLPI. Townsquare Capital LLC boosted its stake in Gaming and Leisure Properties by 15.4% during the 4th quarter. Townsquare Capital LLC now owns 5,397 shares of the real estate investment trust's stock worth $260,000 after acquiring an additional 719 shares during the last quarter. CreativeOne Wealth LLC bought a new position in Gaming and Leisure Properties during the 4th quarter worth approximately $346,000. XTX Topco Ltd bought a new position in Gaming and Leisure Properties during the 4th quarter worth approximately $209,000. CANADA LIFE ASSURANCE Co boosted its stake in Gaming and Leisure Properties by 13.8% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 444,161 shares of the real estate investment trust's stock worth $21,380,000 after acquiring an additional 53,862 shares during the last quarter. Finally, GeoWealth Management LLC boosted its stake in Gaming and Leisure Properties by 51.9% during the 4th quarter. GeoWealth Management LLC now owns 15,860 shares of the real estate investment trust's stock worth $764,000 after acquiring an additional 5,421 shares during the last quarter. Institutional investors own 91.14% of the company's stock.

Analysts Set New Price Targets

GLPI has been the topic of several research analyst reports. Mizuho dropped their target price on shares of Gaming and Leisure Properties from $53.00 to $48.00 and set a "neutral" rating on the stock in a report on Monday, June 16th. Wedbush set a $55.00 target price on shares of Gaming and Leisure Properties in a report on Monday, April 28th. Barclays dropped their target price on shares of Gaming and Leisure Properties from $55.00 to $51.00 and set an "equal weight" rating on the stock in a report on Wednesday. Wells Fargo & Company dropped their target price on shares of 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. Finally, Stifel Nicolaus downgraded shares of Gaming and Leisure Properties from a "buy" rating to a "hold" rating and set a $51.25 target price on the stock. in a report on Monday, July 21st. Six analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $52.87.

Insider Activity

In other news, Director E Scott Urdang sold 3,000 shares of Gaming and Leisure Properties stock in a transaction that occurred on Tuesday, August 5th. The shares were sold at an average price of $46.54, for a total value of $139,620.00. Following the sale, the director directly owned 133,953 shares in the company, valued at $6,234,172.62. This trade represents a 2.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 4.26% of the stock is owned by company insiders.

Gaming and Leisure Properties Stock Up 1.5%

Shares of NASDAQ GLPI traded up $0.71 during midday trading on Friday, reaching $48.10. The company's stock had a trading volume of 623,265 shares, compared to its average volume of 1,468,659. The company has a current ratio of 7.39, a quick ratio of 7.39 and a debt-to-equity ratio of 1.41. Gaming and Leisure Properties, Inc. has a fifty-two week low of $44.48 and a fifty-two week high of $52.60. The stock has a market capitalization of $13.61 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 10.32 and a beta of 0.71. The stock has a 50 day simple moving average of $46.82 and a 200-day simple moving average of $47.86.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The real estate investment trust reported $0.96 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.97 by ($0.01). Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The business had revenue of $394.90 million during the quarter, compared to analyst estimates of $397.27 million. During the same quarter last year, the business earned $0.94 earnings per share. Gaming and Leisure Properties's revenue for the quarter was up 3.8% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.850-3.87 EPS. Equities research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

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.