Envestnet Asset Management Inc. increased its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Free Report) by 16.7% during the third quarter, according to its latest 13F filing with the SEC. I did. The company now owns 663,655 shares of the real estate investment trust’s stock after purchasing an additional 94,761 shares during the period. Envestnet Asset Management Inc.’s gaming and leisure real estate holdings were valued at $30,230,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares. Atlas Capital Advisors LLC grew its position in Gaming and Leisure Facilities by 203.0% in the 1st quarter. Atlas Capital Advisors LLC acquired an additional 343 shares of his stock during the last quarter and he now owns 512 shares of the real estate investment trust’s stock valued at $27,000. Lee Financial Co grew its position in gaming and leisure facilities by 1,447.7% in the 2nd quarter. Lee Financial Co now owns 681 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 637 shares in the last quarter. Zions Bancorporation NA purchased a new position in Gaming and Leisure Facilities during the 1st quarter valued at $43,000. RVW Wealth LLC purchased a new position in Gaming and Leisure Real Estate during the 3rd quarter valued at $47,000. Finally, Covestor Ltd grew its position in Gaming and Leisure Facilities by 344.1% in the 2nd quarter. Covestor Ltd now owns 1,008 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 781 shares during the last quarter. Hedge funds and other institutional investors own 89.08% of the company’s stock.
Price performance of gaming and leisure facilities
Shares of GLPI stock opened at $45.44 on Friday. Gaming and Leisure Properties has a 1 year low of $43.54 and a 1 year high of $55.13. The stock’s 50-day moving average is $46.85 and its 200-day moving average is $46.54. The company has a market capitalization of $12.13 billion, a P/E ratio of 16.58x, a PEG ratio of 4.75x, and a beta of 0.95x. The company has a debt-to-equity ratio of 1.46, a current ratio of 1.23, and a quick ratio of 1.23.
Insider activities in gaming and leisure facilities
In related news, CFO Desiree A. Burke sold 1,600 shares of the company’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $49.31, for a total transaction of $78,896.00. Following the sale, the chief financial officer now owns 147,710 shares of the company’s stock, valued at $7,283,580.10. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. In related news, SVP Matthew Demchyk sold 25,391 shares of the company’s stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $48.87, for a total transaction of $1,240,858.17. Following the sale, the executive vice president now owns 57,976 shares of the company’s stock, valued at $2,833,287.12. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. Also, CFO Desiree A. Burke sold 1,600 shares of the company’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $49.31, for a total value of $78,896.00. Following the sale, the chief financial officer now directly owns 147,710 shares of the company’s stock, valued at approximately $7,283,580.10. Disclosures regarding this sale can be found here. Insiders sold a total of 53,614 shares of company stock valued at $2,621,353 over the past quarter. 4.40% of the stock is owned by company insiders.
Wall Street analysts predict growth
GLPI has been featured in several research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $53.00 price target on shares of Gaming and Leisure Properties in a research report on Thursday, February 8th. Royal Bank of Canada lowered their target price on Gaming and Leisure Real Estate from $54.00 to $50.00 and gave the stock an “outperform” rating in a research report on Monday, October 30th. The Goldman Sachs Group undertook coverage of Gaming and Leisure Real Estate in a research report on Friday, December 8th. They gave the stock a “neutral” rating and set a price target of $51.00. JPMorgan Chase & Co. downgraded Game Leisure Properties from an “overweight” rating to a “neutral” rating and set a price target of $48.00. said in an investigation report on Thursday, Dec. 14. Finally, Mizuho increased their target price on Gaming & Leisure Real Estate from $47.00 to $49.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 10th. Six investment analysts have rated the stock as a hold and six have rated it a buy. According to MarketBeat, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.73.
Check out the latest stock report on Gaming and Leisure Facilities.
About gaming and leisure facilities
(Free report)
GLPI is engaged in the acquisition, financing and ownership of real estate properties leased to gaming operators under triple-net lease arrangements. Accordingly, Tenant is responsible for all facility maintenance, necessary insurance and insurance in connection with the leased property. the business conducted on the leased property, any taxes imposed on or with respect to the leased property, and all utilities and other services necessary or appropriate to the leased property and the business conducted on the leased property;
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