JP Morgan Rates Gaming and Leisure Properties (GLPI) Neutral

JP Morgan has downgraded its rating on Gaming and Leisure Properties, Inc. (GLPI) to Neutral from a previous position, as of September 24, 2026. The firm set a new price target of $46. This marks a shift in JP Morgan's outlook on the stock, which has been trading above the downgrade's event close price.

Other Institutional Activity in Gaming and Leisure Properties

Blackrock Inc. holds 35,859,219 shares of GLPI, increasing its stake by 543,857 shares, valued at about $1.41 billion. Dodge & Cox Inc. added 314,922 shares, bringing its total to 13,773,135 shares worth approximately $541 million. State Street Corporation also increased its holdings by 305,584 shares, ending with 13,477,304 shares valued at about $529 million. Meanwhile, Vanguard Portfolio Management LLC reduced its stake by 353,391 shares, totaling 23,686,806 shares worth about $930 million, and Wellington Management Group, LLP trimmed its position by 1,086,639 shares, now holding 12,479,396 shares valued at about $490 million.

Gaming and Leisure Properties, Inc. Stock Down 0.9%

On September 24, 2026, GLPI closed at $38.53, and as of October 16, 2026, shares are trading recently around $39.24, which is about 1.8% above the event close. The stock is currently trading below JP Morgan's new price target of $46, indicating a potential upside.

Recent Earnings

Gaming and Leisure Properties reported a trailing twelve-month revenue of $1.66 billion, reflecting a year-over-year growth of 9.0%. The company's earnings per share (EPS) stands at $3.42, with a net margin of 58.5% and a return on equity (ROE) of 19.4%. The next earnings report is scheduled for October 29, 2026.

Insider Buying and Selling at Gaming and Leisure Properties, Inc.

In recent insider transactions, President Brandon J. Moore sold 18,374 shares on February 24, 2026, valued at approximately $882,859. Chief Financial Officer Desiree A. Burke sold 9,804 shares on February 27, 2026, totaling around $480,592. Director E Scott Urdang sold 3,000 shares on June 10, 2026, valued at about $144,960. Notably, Director Earl C Shanks purchased 10,000 shares on August 18, 2026, for a total value of approximately $422,400.

Analysts Set New Price Targets

On September 24, 2026, JP Morgan downgraded its rating to Neutral with a price target of $46. Scotiabank also maintained its Sector Perform rating with a target of $43, down from $49. Earlier, Mizuho maintained an Outperform rating with a target of $48, and Morgan Stanley kept its Equal-Weight rating with a target of $50.

About Gaming and Leisure Properties

Gaming and Leisure Properties, Inc. is a real estate investment trust (REIT) focused on acquiring and owning gaming properties. The company is based in Wyomissing, Pennsylvania, and is known for its strategic investments in the gaming sector. With a solid revenue stream and a commitment to dividends, the recent downgrade by JP Morgan may prompt investors to reassess their positions.

Bottom Line

Investors should keep an eye on the upcoming earnings report on October 29, 2026, for further insights into the company's performance. The downgrade from JP Morgan highlights the importance of monitoring analyst ratings as market conditions evolve.