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

JPMorgan Chase & Co. raised its holdings in shares of Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 30.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,787,670 shares of the real estate investment trust’s stock after purchasing an additional 412,079 shares during the period. JPMorgan Chase & Co. owned about 0.63% of Gaming and Leisure Properties worth $83,323,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of GLPI. ProShare Advisors LLC increased its position in Gaming and Leisure Properties by 4.2% in the second quarter. ProShare Advisors LLC now owns 12,185 shares of the real estate investment trust’s stock worth $569,000 after buying an additional 494 shares during the period. Foundations Investment Advisors LLC increased its holdings in shares of Gaming and Leisure Properties by 19.0% during the second quarter. Foundations Investment Advisors LLC now owns 8,007 shares of the real estate investment trust’s stock valued at $374,000 after purchasing an additional 1,280 shares during the period. SG Americas Securities LLC raised its position in shares of Gaming and Leisure Properties by 279.9% during the 2nd quarter. SG Americas Securities LLC now owns 18,028 shares of the real estate investment trust’s stock worth $842,000 after buying an additional 13,283 shares in the last quarter. Creative Planning raised its holdings in Gaming and Leisure Properties by 32.5% during the second quarter. Creative Planning now owns 33,190 shares of the real estate investment trust’s stock worth $1,549,000 after purchasing an additional 8,149 shares in the last quarter. Finally, Intech Investment Management LLC increased its position in shares of Gaming and Leisure Properties by 38.9% during the 2nd quarter. Intech Investment Management LLC now owns 14,621 shares of the real estate investment trust’s stock valued at $683,000 after purchasing an additional 4,096 shares during the period. 91.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Steven Ladany sold 18,000 shares of the business’s stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $44.77, for a total transaction of $805,860.00. Following the transaction, the senior vice president directly owned 65,099 shares in the company, valued at approximately $2,914,482.23. The trade was a 21.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brandon John Moore sold 16,884 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, February 24th. The shares were sold at an average price of $48.05, for a total transaction 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 69,042 shares of company stock valued at $3,203,844 over the last three months. Corporate insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Stock Performance

Shares of GLPI stock opened at $46.98 on Thursday. The firm has a market cap of $13.31 billion, a PE ratio of 16.14, a P/E/G ratio of 2.12 and a beta of 0.64. Gaming and Leisure Properties, Inc. has a 12 month low of $41.17 and a 12 month high of $51.44. The company’s fifty day simple moving average is $46.66 and its 200-day simple moving average is $45.63. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.45.

Gaming and Leisure Properties (NASDAQ:GLPI) last issued its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported $0.99 EPS for the quarter, topping the consensus estimate of $0.98 by $0.01. The firm had revenue of $407.03 million for the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the firm posted $0.95 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Equities research analysts expect that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current fiscal year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 27th. Stockholders of record on Friday, March 13th will be issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 6.6%. The ex-dividend date of this dividend is Friday, March 13th. Gaming and Leisure Properties’s dividend payout ratio is presently 107.22%.

Analysts Set New Price Targets

Several analysts recently commented on GLPI shares. Mizuho increased their target price on shares of Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Wednesday, March 11th. JPMorgan Chase & Co. raised Gaming and Leisure Properties from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $52.00 to $53.00 in a research note on Friday, December 12th. Morgan Stanley increased their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 24th. Scotiabank raised their price target on shares of Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Tuesday, March 10th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Thursday, January 22nd. Six investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.32.

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.