JPMorgan Chase & Co. Has $69.05 Million Holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

JPMorgan Chase & Co. reduced its holdings in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 4.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,433,848 shares of the real estate investment trust's stock after selling 69,544 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.52% of Gaming and Leisure Properties worth $69,054,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. acquired a new stake in Gaming and Leisure Properties in the fourth quarter worth $49,188,000. Franklin Resources Inc. lifted its position in Gaming and Leisure Properties by 7.8% in the 3rd quarter. Franklin Resources Inc. now owns 12,259,224 shares of the real estate investment trust's stock valued at $641,059,000 after purchasing an additional 889,698 shares during the last quarter. Janus Henderson Group PLC boosted its stake in Gaming and Leisure Properties by 6,162.9% during the 3rd quarter. Janus Henderson Group PLC now owns 812,981 shares of the real estate investment trust's stock valued at $41,820,000 after purchasing an additional 800,000 shares during the period. Aew Capital Management L P increased its stake in shares of Gaming and Leisure Properties by 1,786.5% in the fourth quarter. Aew Capital Management L P now owns 761,600 shares of the real estate investment trust's stock valued at $36,679,000 after purchasing an additional 721,230 shares during the period. Finally, Point72 Asset Management L.P. bought a new stake in shares of Gaming and Leisure Properties during the third quarter valued at approximately $27,057,000. 91.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and boosted their price target for the stock from $49.00 to $54.00 in a research report on Friday, December 13th. Mizuho boosted their price target on shares of Gaming and Leisure Properties from $51.00 to $53.00 and gave the stock a "neutral" rating in a research report on Thursday, April 3rd. Royal Bank of Canada decreased their price objective on shares of Gaming and Leisure Properties from $57.00 to $56.00 and set an "outperform" rating for the company in a report on Monday, February 24th. Wells Fargo & Company upped their price objective on Gaming and Leisure Properties from $50.00 to $51.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Finally, Morgan Stanley lowered shares of Gaming and Leisure Properties from an "overweight" rating to an "equal weight" rating and set a $53.00 price objective for the company. in a research report on Wednesday, January 15th. Six analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $54.11.

Gaming and Leisure Properties Trading Up 4.1 %

Shares of GLPI stock traded up $1.89 during trading hours on Wednesday, reaching $47.81. 2,194,482 shares of the stock traded hands, compared to its average volume of 1,243,253. The business has a fifty day moving average price of $49.47 and a 200 day moving average price of $49.51. Gaming and Leisure Properties, Inc. has a 1-year low of $41.80 and a 1-year high of $52.60. The company has a quick ratio of 11.35, a current ratio of 11.35 and a debt-to-equity ratio of 1.62. The firm has a market capitalization of $13.14 billion, a PE ratio of 16.66, a PEG ratio of 2.01 and a beta of 0.72.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its earnings results on Thursday, February 20th. The real estate investment trust reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.94 by $0.01. Gaming and Leisure Properties had a return on equity of 17.41% and a net margin of 51.65%. The company had revenue of $389.62 million during the quarter, compared to analyst estimates of $391.54 million. On average, equities research analysts forecast that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were issued a $0.76 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 6.36%. Gaming and Leisure Properties's dividend payout ratio is 105.92%.

Insider Buying and Selling at Gaming and Leisure Properties

In other news, SVP Matthew Demchyk sold 17,617 shares of the company's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.40, for a total value of $870,279.80. Following the transaction, the senior vice president now directly owns 54,140 shares of the company's stock, valued at approximately $2,674,516. This represents a 24.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director E Scott Urdang sold 5,000 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $50.89, for a total value of $254,450.00. Following the sale, the director now owns 140,953 shares of the company's stock, valued at approximately $7,173,098.17. This represents a 3.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,933 shares of company stock worth $2,533,487. 4.37% of the stock is currently owned by company insiders.

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.