Financial Advocates Investment Management Has $320,000 Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Financial Advocates Investment Management reduced its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 29.6% during the second quarter, Holdings Channel reports. The institutional investor owned 6,854 shares of the real estate investment trust’s stock after selling 2,888 shares during the period. Financial Advocates Investment Management’s holdings in Gaming and Leisure Properties were worth $320,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in GLPI. V Square Quantitative Management LLC acquired a new stake in Gaming and Leisure Properties in the second quarter valued at approximately $30,000. REAP Financial Group LLC lifted its holdings in shares of Gaming and Leisure Properties by 66.0% in the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 264 shares in the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Gaming and Leisure Properties in the 2nd quarter worth $33,000. Assetmark Inc. grew its position in Gaming and Leisure Properties by 49.6% in the 1st quarter. Assetmark Inc. now owns 989 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 328 shares during the period. Finally, Brooklyn Investment Group increased its stake in Gaming and Leisure Properties by 38.8% during the 1st quarter. Brooklyn Investment Group now owns 1,059 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 296 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total transaction of $181,960.00. Following the sale, the director directly owned 129,953 shares in the company, valued at approximately $5,911,561.97. This trade represents a 2.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 4.26% of the company’s stock.

Analyst Ratings Changes

GLPI has been the topic of several research reports. Scotiabank upped their price objective on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “sector perform” rating in a report on Thursday, August 28th. Stifel Nicolaus lowered their target price on shares of Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating on the stock in a report on Friday, October 31st. 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 report on Thursday, November 6th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Finally, Mizuho increased their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Five analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Gaming and Leisure Properties presently has an average rating of “Hold” and an average target price of $52.38.

Gaming and Leisure Properties Price Performance

GLPI opened at $43.30 on Friday. Gaming and Leisure Properties, Inc. has a fifty-two week low of $42.26 and a fifty-two week high of $52.27. The firm has a market capitalization of $12.25 billion, a P/E ratio of 15.69, a PEG ratio of 9.40 and a beta of 0.74. The company’s 50-day moving average is $44.92 and its 200 day moving average is $46.28. The company has a debt-to-equity ratio of 1.47, a current ratio of 13.23 and a quick ratio of 13.23.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $397.61 million during the quarter, compared to the consensus estimate of $399.66 million. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The firm’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.95 EPS. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. Research analysts expect 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 announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th will be issued a $0.78 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $3.12 annualized dividend and a dividend yield of 7.2%. Gaming and Leisure Properties’s dividend payout ratio is currently 113.04%.

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.