Wealth Enhancement Advisory Services LLC Lowers Stock Position in Gaming and Leisure Properties, Inc. $GLPI

Wealth Enhancement Advisory Services LLC decreased its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 51.7% in the 3rd quarter, Holdings Channel reports. The firm owned 141,460 shares of the real estate investment trust’s stock after selling 151,274 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Gaming and Leisure Properties were worth $6,494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of the business. Amalgamated Bank increased its stake in Gaming and Leisure Properties by 3.0% in the third quarter. Amalgamated Bank now owns 130,010 shares of the real estate investment trust’s stock valued at $6,060,000 after purchasing an additional 3,774 shares during the period. Maryland State Retirement & Pension System grew its holdings in shares of Gaming and Leisure Properties by 7.4% during the third quarter. Maryland State Retirement & Pension System now owns 13,068 shares of the real estate investment trust’s stock worth $609,000 after buying an additional 895 shares during the last quarter. Meritage Portfolio Management acquired a new position in Gaming and Leisure Properties in the 3rd quarter valued at about $2,509,000. Exencial Wealth Advisors LLC raised its stake in Gaming and Leisure Properties by 9.4% during the 3rd quarter. Exencial Wealth Advisors LLC now owns 23,437 shares of the real estate investment trust’s stock valued at $1,092,000 after acquiring an additional 2,017 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in Gaming and Leisure Properties during the 3rd quarter valued at approximately $31,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

Analyst Upgrades and Downgrades

GLPI has been the topic of several analyst reports. Barclays lowered their target price on Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $52.00 to $53.00 in a research report on Friday, December 12th. Cantor Fitzgerald dropped their price target on shares of Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. UBS Group restated a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gaming and Leisure Properties in a report on Thursday. Six investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $51.89.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $45.41 on Monday. The stock has a fifty day moving average price of $44.18 and a 200 day moving average price of $45.57. 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 stock has a market cap of $12.85 billion, a PE ratio of 16.45, a P/E/G ratio of 2.51 and a beta of 0.67. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $52.24.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.01. The company had revenue of $397.61 million for the quarter, compared to analyst estimates of $399.66 million. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.Gaming and Leisure Properties’s revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Sell-side analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, December 5th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date of this dividend was Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is 113.04%.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the sale, the director owned 129,953 shares of the company’s stock, valued at approximately $5,911,561.97. This represents a 2.99% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Steven Ladany sold 18,000 shares of the stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $44.77, for a total value of $805,860.00. Following the sale, the senior vice president owned 65,099 shares in the company, valued at approximately $2,914,482.23. This trade represents a 21.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 40,864 shares of company stock valued at $1,832,866 over the last 90 days. Insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Company Profile

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company’s core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.