Gaming and Leisure Properties, Inc. $GLPI Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its stake in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 30.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,787,670 shares of the real estate investment trust’s stock after buying an additional 412,079 shares during the period. JPMorgan Chase & Co. owned 0.63% of Gaming and Leisure Properties worth $83,323,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Dodge & Cox raised its stake in Gaming and Leisure Properties by 0.8% in the 2nd quarter. Dodge & Cox now owns 13,618,357 shares of the real estate investment trust’s stock valued at $635,705,000 after purchasing an additional 108,748 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Gaming and Leisure Properties by 7.5% during the second quarter. Geode Capital Management LLC now owns 6,948,979 shares of the real estate investment trust’s stock worth $323,683,000 after buying an additional 483,174 shares in the last quarter. Invesco Ltd. raised its position in shares of Gaming and Leisure Properties by 3.2% in the second quarter. Invesco Ltd. now owns 4,657,406 shares of the real estate investment trust’s stock valued at $217,408,000 after buying an additional 145,172 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Gaming and Leisure Properties by 8.1% during the second quarter. Jennison Associates LLC now owns 4,599,033 shares of the real estate investment trust’s stock valued at $214,683,000 after buying an additional 346,462 shares during the period. Finally, Norges Bank acquired a new stake in Gaming and Leisure Properties during the second quarter worth approximately $175,169,000. 91.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on GLPI. Scotiabank cut their price target on Gaming and Leisure Properties from $50.00 to $48.00 and set a “sector perform” rating for the company in a report on Monday, February 2nd. Morgan Stanley upped their target price on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 24th. Barclays raised their price target on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. UBS Group reaffirmed a “buy” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 8th. Finally, JPMorgan Chase & Co. upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $52.00 to $53.00 in a report on Friday, December 12th. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $51.95.

Insider Activity at Gaming and Leisure Properties

In other news, SVP Steven Ladany sold 18,000 shares of the stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $44.77, for a total value of $805,860.00. Following the completion of the sale, the senior vice president owned 65,099 shares in the company, valued at approximately $2,914,482.23. This trade represents a 21.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 36,864 shares of company stock worth $1,650,906 in the last 90 days. Insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Trading Up 1.3%

NASDAQ GLPI opened at $47.86 on Tuesday. The firm has a market capitalization of $13.55 billion, a price-to-earnings ratio of 16.45, a PEG ratio of 2.61 and a beta of 0.67. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.84 and a current ratio of 3.84. Gaming and Leisure Properties, Inc. has a one year low of $41.17 and a one year high of $52.24. The company’s 50 day moving average price is $45.41 and its 200 day moving average price is $45.43.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.01. The company had revenue of $407.03 million during the quarter, compared to analyst estimates of $406.02 million. Gaming and Leisure Properties had a net margin of 52.24% and a return on equity of 17.10%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.95 earnings per share. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. On average, sell-side analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date is Friday, March 13th. Gaming and Leisure Properties’s payout ratio is currently 107.22%.

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.