Posted by admin on Aug 24th, 2022 
Advisor Group Holdings Inc. grew its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) by 18.4% in the first quarter, Holdings Channel.com reports. The fund owned 21,328 shares of the real estate investment trust’s stock after buying an additional 3,318 shares during the period. Advisor Group Holdings Inc.’s holdings in Gaming and Leisure Properties were worth $939,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently modified their holdings of GLPI. CWM LLC lifted its position in shares of Gaming and Leisure Properties by 76.3% during the 1st quarter. CWM LLC now owns 663 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 287 shares during the period. Pictet Asset Management SA lifted its position in shares of Gaming and Leisure Properties by 0.4% during the 4th quarter. Pictet Asset Management SA now owns 85,271 shares of the real estate investment trust’s stock worth $4,149,000 after buying an additional 321 shares during the period. FCF Advisors LLC lifted its position in shares of Gaming and Leisure Properties by 2.6% during the 1st quarter. FCF Advisors LLC now owns 13,780 shares of the real estate investment trust’s stock worth $647,000 after buying an additional 355 shares during the period. CIBC Asset Management Inc raised its position in Gaming and Leisure Properties by 4.4% in the 4th quarter. CIBC Asset Management Inc now owns 9,984 shares of the real estate investment trust’s stock valued at $486,000 after purchasing an additional 419 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in Gaming and Leisure Properties by 68.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,108 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 449 shares during the last quarter. Institutional investors own 91.36% of the company’s stock.
Several equities analysts have issued reports on the company. Morgan Stanley lifted their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an “overweight” rating in a research report on Wednesday, July 20th. UBS Group cut their price objective on Gaming and Leisure Properties to $55.00 in a research report on Thursday, June 9th. Citigroup lifted their price objective on Gaming and Leisure Properties to $59.00 in a research report on Monday. StockNews.com cut Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Monday, August 1st. Finally, Truist Financial lifted their target price on Gaming and Leisure Properties from $51.00 to $54.00 and gave the company a “hold” rating in a research note on Wednesday, July 20th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and an average target price of $55.33.
In other Gaming and Leisure Properties news, EVP Brandon John Moore sold 3,000 shares of the business’s stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $52.00, for a total value of $156,000.00. Following the completion of the transaction, the executive vice president now directly owns 185,993 shares of the company’s stock, valued at $9,671,636. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.60% of the company’s stock.
NASDAQ:GLPI opened at $51.03 on Wednesday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.81 and a 1 year high of $52.87. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 1.91. The stock has a market cap of $13.04 billion, a price-to-earnings ratio of 22.99, a PEG ratio of 3.07 and a beta of 1.00. The stock has a 50-day moving average price of $49.10 and a two-hundred day moving average price of $46.70.
Gaming and Leisure Properties (NASDAQ:GLPI – Get Rating) last posted its earnings results on Thursday, July 28th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.27). Gaming and Leisure Properties had a net margin of 43.54% and a return on equity of 16.30%. The business had revenue of $326.40 million during the quarter, compared to analyst estimates of $325.40 million. During the same period in the previous year, the firm posted $0.87 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. As a group, equities analysts expect that Gaming and Leisure Properties, Inc. will post 3.48 earnings per share for the current year.
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GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.
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