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

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

A number of other institutional investors have also recently made changes to their positions in GLPI. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Gaming and Leisure Properties by 8.7% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 11,586 shares of the real estate investment trust’s stock valued at $596,000 after buying an additional 928 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Gaming and Leisure Properties by 142.2% during the third quarter. Farther Finance Advisors LLC now owns 654 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 384 shares during the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of Gaming and Leisure Properties by 2.0% during the third quarter. Janney Montgomery Scott LLC now owns 364,002 shares of the real estate investment trust’s stock valued at $18,728,000 after buying an additional 7,077 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its holdings in shares of Gaming and Leisure Properties by 9.7% during the third quarter. Robeco Institutional Asset Management B.V. now owns 116,619 shares of the real estate investment trust’s stock valued at $6,000,000 after buying an additional 10,332 shares during the last quarter. Finally, National Pension Service grew its holdings in shares of Gaming and Leisure Properties by 37.4% during the third quarter. National Pension Service now owns 211,111 shares of the real estate investment trust’s stock valued at $10,862,000 after buying an additional 57,511 shares during the last quarter. Hedge funds and other institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Price Performance

Gaming and Leisure Properties stock opened at $50.40 on Thursday. The stock has a market cap of $13.85 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 2.01 and a beta of 0.99. The company has a debt-to-equity ratio of 1.62, a current ratio of 11.35 and a quick ratio of 11.35. Gaming and Leisure Properties, Inc. has a 1 year low of $41.80 and a 1 year high of $52.60. The firm has a 50-day moving average of $48.39 and a two-hundred day moving average of $49.79.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 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 business had revenue of $389.62 million during the quarter, compared to analyst estimates of $391.54 million. On average, research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 earnings per share for the current year.

Gaming and Leisure Properties Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on GLPI shares. Barclays cut their price target on shares of Gaming and Leisure Properties from $55.00 to $53.00 and set an “equal weight” rating on the stock in a report on Tuesday. Royal Bank of Canada dropped their target price on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Morgan Stanley cut shares of Gaming and Leisure Properties from an “overweight” rating to an “equal weight” rating and set a $53.00 price target on the stock. in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and lifted their price target for the stock from $49.00 to $54.00 in a research note on Wednesday, November 20th. Finally, JMP Securities reiterated a “market outperform” rating and set a $55.00 price target on shares of Gaming and Leisure Properties in a research note on Wednesday, December 18th. Six equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $54.04.

Insider Activity

In related news, COO Brandon John Moore sold 3,982 shares of the business’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 in the company, valued at $13,329,850.56. The trade was a 1.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Matthew Demchyk sold 1,149 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $47.80, for a total transaction of $54,922.20. Following the transaction, the senior vice president now owns 91,620 shares of the company’s stock, valued at approximately $4,379,436. This trade represents a 1.24 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,161 shares of company stock worth $2,425,521. 4.37% of the stock is currently owned by corporate insiders.

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.