Vestmark Advisory Solutions Inc. Has $834,000 Position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Vestmark Advisory Solutions Inc. grew its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 61.9% in the first quarter, HoldingsChannel reports. The institutional investor owned 16,388 shares of the real estate investment trust’s stock after acquiring an additional 6,265 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Gaming and Leisure Properties were worth $834,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Invesco Ltd. raised its position in Gaming and Leisure Properties by 127.7% in the first quarter. Invesco Ltd. now owns 4,512,234 shares of the real estate investment trust’s stock worth $229,673,000 after purchasing an additional 2,530,463 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Gaming and Leisure Properties by 0.3% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,293,551 shares of the real estate investment trust’s stock valued at $167,642,000 after acquiring an additional 10,092 shares during the period. Nuveen LLC acquired a new position in Gaming and Leisure Properties during the first quarter worth $151,723,000. Northern Trust Corp raised its stake in Gaming and Leisure Properties by 48.2% during the fourth quarter. Northern Trust Corp now owns 2,873,006 shares of the real estate investment trust’s stock worth $138,364,000 after acquiring an additional 933,842 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of Gaming and Leisure Properties by 5.9% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,717,787 shares of the real estate investment trust’s stock valued at $87,435,000 after acquiring an additional 96,060 shares during the period. 91.14% of the stock is owned by institutional investors.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $46.20 on Friday. The business’s 50-day simple moving average is $46.84 and its 200 day simple moving average is $47.90. The company has a quick ratio of 7.39, a current ratio of 7.39 and a debt-to-equity ratio of 1.41. The stock has a market cap of $13.08 billion, a price-to-earnings ratio of 17.91, a P/E/G ratio of 10.05 and a beta of 0.71. Gaming and Leisure Properties, Inc. has a 12-month low of $44.48 and a 12-month high of $52.60.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings results 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). The business had revenue of $394.90 million for the quarter, compared to analyst estimates of $397.27 million. Gaming and Leisure Properties had a net margin of 46.32% and a return on equity of 15.43%. The business’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.94 earnings per share. As a group, research analysts anticipate that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on GLPI. Scotiabank dropped their target price on shares of Gaming and Leisure Properties from $49.00 to $48.00 and set a “sector perform” rating for the company in a research report on Monday, May 12th. Royal Bank Of Canada decreased their price objective on shares of Gaming and Leisure Properties from $54.00 to $53.00 and set an “outperform” rating on the stock in a research note on Monday, July 28th. Wedbush set a $55.00 target price on shares of Gaming and Leisure Properties in a research note on Monday, April 28th. Stifel Nicolaus downgraded 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. Finally, Mizuho dropped their price target on 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. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $53.16.

Insiders Place Their Bets

In other Gaming and Leisure Properties 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 value of $186,320.00. Following the transaction, the director directly owned 136,953 shares of the company’s stock, valued at approximately $6,379,270.74. This trade represents a 2.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.26% of the stock is owned by corporate insiders.

About Gaming and Leisure Properties

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.