Prevail Innovative Wealth Advisors LLC boosted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) by 22.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,837 shares of the real estate investment trust’s stock after acquiring an additional 14,825 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Gaming and Leisure Properties were worth $3,568,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Gaming and Leisure Properties during the 4th quarter worth approximately $29,000. International Assets Investment Management LLC purchased a new stake in Gaming and Leisure Properties during the 4th quarter valued at approximately $31,000. True Wealth Design LLC raised its position in shares of Gaming and Leisure Properties by 238.3% during the fourth quarter. True Wealth Design LLC now owns 866 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 610 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Gaming and Leisure Properties by 107.7% during the third quarter. EverSource Wealth Advisors LLC now owns 887 shares of the real estate investment trust’s stock valued at $41,000 after buying an additional 460 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Gaming and Leisure Properties by 48.2% in the third quarter. Smartleaf Asset Management LLC now owns 1,212 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 394 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.
Gaming and Leisure Properties Trading Down 0.7%
GLPI stock opened at $47.22 on Thursday. The firm has a fifty day moving average price of $46.75 and a 200 day moving average price of $45.74. Gaming and Leisure Properties, Inc. has a fifty-two week low of $41.17 and a fifty-two week high of $49.95. The company has a debt-to-equity ratio of 1.62, a quick ratio of 6.29 and a current ratio of 6.29. The firm has a market cap of $13.38 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 2.05 and a beta of 0.68.
Wall Street Analysts Forecast Growth
A number of equities analysts recently weighed in on GLPI shares. Barclays upped their target price on shares of Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 21st. Stifel Nicolaus set a $50.00 target price on shares of Gaming and Leisure Properties in a research report on Friday, April 24th. Royal Bank Of Canada upped their target price on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Scotiabank upped their target price on shares of Gaming and Leisure Properties from $50.00 to $52.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings upgraded shares of Gaming and Leisure Properties from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and an average target price of $52.50.
Insider Activity at Gaming and Leisure Properties
In related news, Director E Scott Urdang sold 4,000 shares of the firm’s stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $47.37, for a total value of $189,480.00. Following the completion of the transaction, the director directly owned 130,429 shares of the company’s stock, valued at approximately $6,178,421.73. This trade represents a 2.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Brandon John Moore sold 16,884 shares of the firm’s stock in a transaction on Tuesday, February 24th. The shares were sold at an average price of $48.05, for a total transaction of $811,276.20. Following the completion of the transaction, the chief operating officer directly owned 257,874 shares of the company’s stock, valued at approximately $12,390,845.70. This trade represents a 6.15% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 32,178 shares of company stock valued at $1,552,938. 4.11% of the stock is owned by corporate insiders.
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.
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