JPMorgan Chase & Co. Has $58.11 Million Stock Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

JPMorgan Chase & Co. grew its stake in Gaming and Leisure Properties, Inc. (NASDAQ:GLPIGet Rating) by 46.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,267,164 shares of the real estate investment trust’s stock after purchasing an additional 404,838 shares during the quarter. JPMorgan Chase & Co. owned about 0.50% of Gaming and Leisure Properties worth $58,113,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Geneos Wealth Management Inc. increased its position in shares of Gaming and Leisure Properties by 4.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 5,150 shares of the real estate investment trust’s stock valued at $241,000 after buying an additional 200 shares in the last quarter. Morse Asset Management Inc lifted its stake in Gaming and Leisure Properties by 6.0% in the 1st quarter. Morse Asset Management Inc now owns 5,300 shares of the real estate investment trust’s stock valued at $249,000 after purchasing an additional 300 shares during the last quarter. Allworth Financial LP lifted its stake in Gaming and Leisure Properties by 2.8% in the 2nd quarter. Allworth Financial LP now owns 11,148 shares of the real estate investment trust’s stock valued at $511,000 after purchasing an additional 308 shares during the last quarter. First Republic Investment Management Inc. lifted its position in Gaming and Leisure Properties by 1.8% during the first quarter. First Republic Investment Management Inc. now owns 18,616 shares of the real estate investment trust’s stock worth $874,000 after acquiring an additional 334 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware lifted its position in Gaming and Leisure Properties by 1.2% during the second quarter. Mckinley Capital Management LLC Delaware now owns 32,537 shares of the real estate investment trust’s stock worth $1,492,000 after acquiring an additional 380 shares during the last quarter. Institutional investors and hedge funds own 88.45% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GLPI. Raymond James dropped their price target on shares of Gaming and Leisure Properties from $56.00 to $53.00 and set a “strong-buy” rating for the company in a research report on Tuesday, October 4th. JMP Securities started coverage on shares of Gaming and Leisure Properties in a research note on Friday, September 23rd. They issued an “outperform” rating and a $53.00 price objective on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Gaming and Leisure Properties from $57.00 to $62.00 in a research note on Monday, August 1st. StockNews.com cut shares of Gaming and Leisure Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, November 8th. Finally, Royal Bank of Canada started coverage on shares of Gaming and Leisure Properties in a research note on Monday, September 19th. They set an “outperform” rating and a $54.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $54.80.

Gaming and Leisure Properties Price Performance

Shares of NASDAQ:GLPI opened at $51.20 on Friday. The firm has a market cap of $13.08 billion, a PE ratio of 20.98, a price-to-earnings-growth ratio of 10.40 and a beta of 1.02. The firm’s fifty day moving average is $47.99 and its 200-day moving average is $48.06. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.60 and a current ratio of 0.60. Gaming and Leisure Properties, Inc. has a 52 week low of $41.81 and a 52 week high of $52.87.

Gaming and Leisure Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 23rd. Stockholders of record on Friday, December 9th will be issued a dividend of $0.705 per share. The ex-dividend date is Thursday, December 8th. This represents a $2.82 dividend on an annualized basis and a dividend yield of 5.51%. Gaming and Leisure Properties’s dividend payout ratio (DPR) is presently 115.57%.

Gaming and Leisure Properties Company Profile

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GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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Institutional Ownership by Quarter for Gaming and Leisure Properties (NASDAQ:GLPI)

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