Gaming and Leisure Properties (NASDAQ:GLPI) Raised to Overweight at JPMorgan Chase & Co.

Gaming and Leisure Properties (NASDAQ:GLPI) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research report issued on Friday, Marketbeat reports. The brokerage currently has a $53.00 target price on the real estate investment trust’s stock, up from their prior target price of $52.00. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 21.87% from the company’s previous close.

GLPI has been the topic of several other reports. Cantor Fitzgerald reduced their price objective on Gaming and Leisure Properties from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Thursday, November 6th. Barclays reduced their price target on shares of Gaming and Leisure Properties from $54.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Mizuho boosted their price objective on shares of 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. Stifel Nicolaus decreased their price target on shares of 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. Finally, Scotiabank increased their price target on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a “sector perform” rating in a report on Thursday, August 28th. Five research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.13.

Gaming and Leisure Properties Stock Up 3.4%

GLPI opened at $43.49 on Friday. Gaming and Leisure Properties has a 52 week low of $41.17 and a 52 week high of $52.24. The business has a 50 day moving average price of $44.08 and a two-hundred day moving average price of $45.97. The company has a quick ratio of 13.23, a current ratio of 13.23 and a debt-to-equity ratio of 1.47. The company has a market cap of $12.31 billion, a PE ratio of 15.76, a P/E/G ratio of 9.41 and a beta of 0.68.

Gaming and Leisure Properties (NASDAQ:GLPI) last released its quarterly earnings data on Thursday, October 30th. The real estate investment trust reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.96 by $0.01. Gaming and Leisure Properties had a net margin of 49.54% and a return on equity of 16.34%. The firm had revenue of $397.61 million for the quarter, compared to the consensus estimate of $399.66 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The firm’s revenue 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, research analysts anticipate that Gaming and Leisure Properties will post 3.81 EPS for the current year.

Insider Transactions at Gaming and Leisure Properties

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the business’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $45.49, for a total value of $181,960.00. Following the transaction, the director owned 129,953 shares in the company, valued at $5,911,561.97. The trade was a 2.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.26% of the stock is currently owned by company insiders.

Institutional Trading of Gaming and Leisure Properties

Hedge funds have recently modified their holdings of the company. Spire Wealth Management increased its position in shares of Gaming and Leisure Properties by 62.3% during the 3rd 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 in the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of Gaming and Leisure Properties by 0.9% during the third quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust’s stock worth $1,273,000 after buying an additional 245 shares in the last quarter. Freedom Investment Management Inc. raised its stake in shares of Gaming and Leisure Properties by 4.6% in the second quarter. Freedom Investment Management Inc. now owns 5,977 shares of the real estate investment trust’s stock valued at $279,000 after acquiring an additional 261 shares during the last quarter. REAP Financial Group LLC boosted its holdings in shares of Gaming and Leisure Properties by 66.0% in the 2nd quarter. REAP Financial Group LLC now owns 664 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 264 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in shares of Gaming and Leisure Properties by 18.4% in the 2nd quarter. Whittier Trust Co. now owns 1,708 shares of the real estate investment trust’s stock worth $80,000 after acquiring an additional 265 shares in the last quarter. Institutional investors own 91.14% of the company’s stock.

Gaming and Leisure Properties Company 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.