Exencial Wealth Advisors LLC Sells 500 Shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Exencial Wealth Advisors LLC reduced its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 23,875 shares of the real estate investment trust’s stock after selling 500 shares during the period. Exencial Wealth Advisors LLC’s holdings in Gaming and Leisure Properties were worth $1,150,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Assetmark Inc. lifted its holdings in shares of Gaming and Leisure Properties by 2,547.6% during the 3rd quarter. Assetmark Inc. now owns 556 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 535 shares during the last quarter. Stonebridge Financial Group LLC bought a new stake in Gaming and Leisure Properties in the fourth quarter worth $31,000. Farther Finance Advisors LLC lifted its stake in Gaming and Leisure Properties by 142.2% in the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 384 shares during the last quarter. CKW Financial Group lifted its stake in Gaming and Leisure Properties by 75.0% in the fourth quarter. CKW Financial Group now owns 700 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 300 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in Gaming and Leisure Properties in the third quarter worth $39,000. 91.14% of the stock is owned by institutional investors.

Insider Activity at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 3,982 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $47.84, for a total transaction of $190,498.88. Following the completion of the transaction, the chief operating officer now owns 278,634 shares of the company’s stock, valued at approximately $13,329,850.56. This trade represents a 1.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director E Scott Urdang sold 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $49.72, for a total transaction of $248,600.00. Following the transaction, the director now directly owns 145,953 shares of the company’s stock, valued at $7,256,783.16. This represents a 3.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 49,161 shares of company stock worth $2,425,521 over the last 90 days. 4.37% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Morgan Stanley downgraded shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target for the company. in a research note on Wednesday, January 15th. Stifel Nicolaus boosted their price target on shares of Gaming and Leisure Properties from $53.25 to $57.50 and gave the stock a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada lowered their price target on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating for the company in a research note on Monday, February 24th. JMP Securities reissued a “market outperform” rating and issued a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Finally, Scotiabank decreased their price objective on shares of Gaming and Leisure Properties from $50.00 to $49.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 16th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $54.04.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ GLPI opened at $50.40 on Thursday. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. The company’s 50-day moving average is $48.39 and its 200 day moving average is $49.79. The stock has a market capitalization of $13.85 billion, a P/E ratio of 17.56, a P/E/G ratio of 2.01 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.01. Gaming and Leisure Properties had a net margin of 51.65% and a return on equity of 17.41%. The company had revenue of $389.62 million for the quarter, compared to analysts’ expectations of $391.54 million. On average, sell-side analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, March 28th. Investors of record on Friday, March 14th will be given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a dividend yield of 6.03%. The ex-dividend date is Friday, March 14th. Gaming and Leisure Properties’s dividend payout ratio is currently 105.92%.

Gaming and Leisure Properties Company Profile

Gaming & Leisure Properties, Inc engages in 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.