Gaming and Leisure Properties (NASDAQ:GLPI) Cut to “Neutral” at JPMorgan Chase & Co.

Gaming and Leisure Properties (NASDAQ:GLPI) was downgraded by investment analysts at JPMorgan Chase & Co. from an “overweight” rating to a “neutral” rating in a report released on Thursday, Marketbeat reports. They currently have a $46.00 price target on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 19.39% from the stock’s previous close.

A number of other research firms also recently issued reports on GLPI. Morgan Stanley dropped their price target on Gaming and Leisure Properties from $55.00 to $50.00 and set an “equal weight” rating on the stock in a research note on Thursday, September 17th. Royal Bank Of Canada decreased their price objective on Gaming and Leisure Properties from $54.00 to $52.00 and set an “outperform” rating for the company in a report on Monday, August 3rd. Weiss Ratings lowered shares of Gaming and Leisure Properties from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, August 12th. Raymond James Financial reiterated an “outperform” rating and set a $47.00 price target on shares of Gaming and Leisure Properties in a research note on Thursday, August 13th. Finally, Barclays lowered their price objective on shares of Gaming and Leisure Properties from $53.00 to $50.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 22nd. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $47.73.

Gaming and Leisure Properties Stock Performance

Shares of Gaming and Leisure Properties stock opened at $38.53 on Thursday. The business has a 50-day simple moving average of $42.73 and a 200-day simple moving average of $45.04. The company has a debt-to-equity ratio of 1.51, a quick ratio of 4.74 and a current ratio of 4.74. Gaming and Leisure Properties has a one year low of $38.40 and a one year high of $49.95. The company has a market cap of $11.21 billion, a PE ratio of 11.30, a P/E/G ratio of 1.67 and a beta of 0.65.

Gaming and Leisure Properties (NASDAQ:GLPI) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.80 EPS for the quarter, meeting analysts’ consensus estimates of $0.80. The company had revenue of $430.52 million for the quarter, compared to the consensus estimate of $428.51 million. Gaming and Leisure Properties had a net margin of 59.01% and a return on equity of 19.17%. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.96 EPS. Gaming and Leisure Properties has set its FY 2026 guidance at 4.100-4.120 EPS. On average, equities research analysts forecast that Gaming and Leisure Properties will post 4.03 EPS for the current fiscal year.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director Earl C. Shanks bought 10,000 shares of the company’s stock in a transaction on Tuesday, August 18th. The shares were bought at an average price of $42.24 per share, for a total transaction of $422,400.00. Following the transaction, the director owned 107,259 shares of the company’s stock, valued at approximately $4,530,620.16. This trade represents a 10.28% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.11% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of GLPI. Lasalle Investment Management Securities LLC raised its stake in Gaming and Leisure Properties by 17.0% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 2,309,247 shares of the real estate investment trust’s stock valued at $102,831,000 after acquiring an additional 334,933 shares in the last quarter. Empowered Funds LLC acquired a new stake in Gaming and Leisure Properties in the first quarter worth about $1,219,000. Bank of America Corp DE bought a new position in Gaming and Leisure Properties in the 2nd quarter valued at about $54,270,000. Squarepoint Ops LLC bought a new position in Gaming and Leisure Properties in the 2nd quarter valued at about $5,736,000. Finally, OneDigital Investment Advisors LLC acquired a new position in Gaming and Leisure Properties during the 2nd quarter valued at about $4,684,000. Institutional investors and hedge funds own 91.14% of the company’s stock.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc (NASDAQ: GLPI) is a real estate investment trust that owns, acquires and leases gaming-related properties. Its portfolio primarily consists of casinos and other properties used for gaming, entertainment and hospitality activities.

GLPI generally leases its properties to gaming operators under long-term, triple-net lease agreements. Under these arrangements, tenants typically operate the properties and are responsible for expenses such as maintenance, insurance and property taxes, while GLPI focuses on owning and managing the underlying real estate.

The company was established in 2013 through the spin-off of gaming properties from Penn National Gaming, now known as PENN Entertainment.