JPMorgan Chase & Co. Sells 1,273 Shares of Gaming and Leisure Properties, Inc. $GLPI

JPMorgan Chase & Co. decreased its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) by 0.1% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,375,591 shares of the real estate investment trust’s stock after selling 1,273 shares during the period. JPMorgan Chase & Co.’s holdings in Gaming and Leisure Properties were worth $64,213,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. V Square Quantitative Management LLC bought a new position in shares of Gaming and Leisure Properties during the 2nd quarter worth approximately $30,000. REAP Financial Group LLC boosted its holdings in Gaming and Leisure Properties by 66.0% during the second quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 264 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Gaming and Leisure Properties in the second quarter valued at $33,000. Assetmark Inc. increased its stake in Gaming and Leisure Properties by 49.6% in the 1st quarter. Assetmark Inc. now owns 989 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 328 shares during the last quarter. Finally, Brooklyn Investment Group increased its stake in Gaming and Leisure Properties by 38.8% in the 1st quarter. Brooklyn Investment Group now owns 1,059 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 296 shares during the last quarter. Institutional investors and hedge funds own 91.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on GLPI. Weiss Ratings restated a “hold (c)” rating on shares of Gaming and Leisure Properties in a research note on Wednesday, October 8th. Stifel Nicolaus reduced their price target on Gaming and Leisure Properties from $49.50 to $47.50 and set a “hold” rating for the company in a research report on Friday, October 31st. Cantor Fitzgerald decreased their price target on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating for the company in a research note on Thursday, November 6th. Mizuho upped their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Finally, Barclays raised Gaming and Leisure Properties from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $51.00 to $54.00 in a report on Monday, October 20th. Five analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $52.38.

Gaming and Leisure Properties Stock Performance

Shares of NASDAQ GLPI opened at $43.54 on Friday. The company has a current ratio of 13.23, a quick ratio of 13.23 and a debt-to-equity ratio of 1.47. The company has a market capitalization of $12.32 billion, a P/E ratio of 15.77, a P/E/G ratio of 9.44 and a beta of 0.74. Gaming and Leisure Properties, Inc. has a 12 month low of $42.26 and a 12 month high of $52.27. The stock has a 50 day moving average of $44.86 and a 200-day moving average of $46.26.

Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Thursday, October 30th. The real estate investment trust reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. Gaming and Leisure Properties had a return on equity of 16.34% and a net margin of 49.54%.The business had revenue of $397.61 million for the quarter, compared to analysts’ expectations of $399.66 million. During the same quarter in the prior year, the business earned $0.95 EPS. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Gaming and Leisure Properties has set its FY 2025 guidance at 3.860-3.880 EPS. As a group, equities research 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 announced a quarterly dividend, which will be paid on Friday, December 19th. Stockholders of record on Friday, December 5th 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 7.2%. The ex-dividend date is Friday, December 5th. Gaming and Leisure Properties’s dividend payout ratio (DPR) is currently 113.04%.

Insider Activity at Gaming and Leisure Properties

In related news, Director E Scott Urdang sold 4,000 shares of Gaming and Leisure Properties stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $45.49, for a total transaction of $181,960.00. Following the completion of the sale, the director owned 129,953 shares of the company’s stock, valued at approximately $5,911,561.97. The trade was a 2.99% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.26% of the company’s stock.

Gaming and Leisure Properties Profile

Gaming & Leisure Properties, Inc engages in the provision of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.