JPMorgan Chase & Co. Buys 412,079 Shares of Gaming and Leisure Properties, Inc. $GLPI

JPMorgan Chase & Co. boosted its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 30.0% during the third quarter, Holdings Channel reports. 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.’s holdings in Gaming and Leisure Properties were worth $83,323,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Spire Wealth Management increased its stake in shares of Gaming and Leisure Properties by 62.3% during the third quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 238 shares during the period. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Gaming and Leisure Properties by 89.3% during the third quarter. MassMutual Private Wealth & Trust FSB now owns 655 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 309 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Gaming and Leisure Properties during the third quarter worth $31,000. Bayforest Capital Ltd grew its stake in shares of Gaming and Leisure Properties by 412.1% in the third quarter. Bayforest Capital Ltd now owns 676 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 544 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC acquired a new stake in Gaming and Leisure Properties in the 2nd quarter worth about $39,000. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Gaming and Leisure Properties Price Performance

Shares of GLPI opened at $46.98 on Thursday. The business has a 50-day moving average of $46.66 and a 200-day moving average of $45.63. The company has a debt-to-equity ratio of 1.45, a current ratio of 3.84 and a quick ratio of 3.84. The company has a market capitalization of $13.31 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 2.12 and a beta of 0.64. Gaming and Leisure Properties, Inc. has a 1 year low of $41.17 and a 1 year high of $51.44.

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

Gaming and Leisure Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be given a dividend of $0.78 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.12 dividend on an annualized basis and a yield of 6.6%. Gaming and Leisure Properties’s dividend payout ratio is 107.22%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on GLPI. Mizuho lifted their price target on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research report on Wednesday, March 11th. Barclays cut their target price on Gaming and Leisure Properties from $53.00 to $52.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Stifel Nicolaus set a $48.50 price objective on shares of Gaming and Leisure Properties in a research note on Thursday, February 12th. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research report on Thursday, January 22nd. Finally, Royal Bank Of Canada increased their price target on shares of Gaming and Leisure Properties from $53.00 to $54.00 and gave the stock an “outperform” rating in a research report on Monday, February 23rd. Six analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gaming and Leisure Properties has a consensus rating of “Moderate Buy” and an average price target of $52.32.

Insiders Place Their Bets

In other news, COO Brandon John Moore sold 16,884 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, February 24th. The stock was sold at an average price of $48.05, for a total value of $811,276.20. Following the completion of the transaction, the chief operating officer directly owned 257,874 shares of the company’s stock, valued at approximately $12,390,845.70. This trade represents a 6.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director E Scott Urdang sold 4,000 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $47.37, for a total value of $189,480.00. Following the sale, the director owned 130,429 shares in the company, valued at approximately $6,178,421.73. The trade was a 2.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 69,042 shares of company stock valued at $3,203,844. 4.26% of the stock is currently owned by insiders.

Gaming and Leisure Properties 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.