Assetmark Inc. Has $29,000 Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Assetmark Inc. boosted its position in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 2,547.6% in the third quarter, Holdings Channel reports. The fund owned 556 shares of the real estate investment trust’s stock after acquiring an additional 535 shares during the period. Assetmark Inc.’s holdings in Gaming and Leisure Properties were worth $29,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Ignite Planners LLC grew its stake in shares of Gaming and Leisure Properties by 1.8% in the second quarter. Ignite Planners LLC now owns 12,181 shares of the real estate investment trust’s stock worth $543,000 after acquiring an additional 220 shares during the last quarter. EP Wealth Advisors LLC grew its position in Gaming and Leisure Properties by 0.7% in the 2nd quarter. EP Wealth Advisors LLC now owns 33,990 shares of the real estate investment trust’s stock worth $1,537,000 after purchasing an additional 220 shares during the last quarter. Ieq Capital LLC increased its holdings in shares of Gaming and Leisure Properties by 0.3% during the 2nd quarter. Ieq Capital LLC now owns 90,749 shares of the real estate investment trust’s stock worth $4,103,000 after purchasing an additional 257 shares during the period. Marshall Financial Group LLC raised its position in shares of Gaming and Leisure Properties by 1.4% during the third quarter. Marshall Financial Group LLC now owns 20,917 shares of the real estate investment trust’s stock valued at $1,076,000 after buying an additional 289 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in shares of Gaming and Leisure Properties by 0.5% in the second quarter. Cetera Investment Advisers now owns 54,803 shares of the real estate investment trust’s stock valued at $2,478,000 after buying an additional 299 shares during the period. 91.14% of the stock is currently owned by institutional investors.

Gaming and Leisure Properties Stock Performance

NASDAQ GLPI opened at $50.25 on Wednesday. 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 50 day moving average of $50.64 and a 200-day moving average of $48.32. The company has a current ratio of 11.35, a quick ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm has a market cap of $13.79 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 2.12 and a beta of 0.99.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings results on Thursday, October 24th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.25). The business had revenue of $385.34 million for the quarter, compared to analyst estimates of $385.09 million. Gaming and Leisure Properties had a net margin of 51.93% and a return on equity of 17.31%. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.92 earnings per share. On average, equities analysts forecast that Gaming and Leisure Properties, Inc. will post 3.67 earnings per share for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were issued a $0.76 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.05%. Gaming and Leisure Properties’s dividend payout ratio is 106.29%.

Insider Buying and Selling

In other Gaming and Leisure Properties news, COO Brandon John Moore sold 30,900 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $50.05, for a total value of $1,546,545.00. Following the transaction, the chief operating officer now directly owns 208,977 shares in the company, valued at approximately $10,459,298.85. This trade represents a 12.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Desiree A. Burke sold 12,973 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $52.02, for a total value of $674,855.46. Following the sale, the chief financial officer now owns 108,073 shares of the company’s stock, valued at approximately $5,621,957.46. The trade was a 10.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 53,758 shares of company stock worth $2,717,922 in the last 90 days. Corporate insiders own 4.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on GLPI shares. Wolfe Research upgraded Gaming and Leisure Properties from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research note on Friday, August 23rd. Royal Bank of Canada upped their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “outperform” rating in a research note on Monday, July 29th. Raymond James lifted their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 21st. Mizuho dropped their price objective on shares of Gaming and Leisure Properties from $52.00 to $51.00 and set a “neutral” rating for the company in a research note on Thursday, November 14th. Finally, JMP Securities reiterated a “market outperform” rating and set a $55.00 target price on shares of Gaming and Leisure Properties in a research report on Tuesday, October 29th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.54.

Gaming and Leisure Properties Company Profile

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.