J.P.Morgan resumes coverage on Gaming and Leisure Properties; shares up

Shares of Gaming and Leisure Properties GLPI.O up nearly 1% to $51 in afternoon trade

J.P.Morgan resumes coverage GLPI with "neutral" rating and $54 PT

"We are constructive on the prospects of net lease REITs playing a major role in the financing of experiential concepts, and GLPI is a leader in the regional gaming segment of this arena" - brokerage

Brokerage sees co's regional gaming focus garnering attention in an environment where trends are becoming more mixed given supply in select markets and concerns around the consumer

15 of 24 brokerages rate the stock "buy" or higher, 8 "hold" and one "sell"; their median PT is $56 - LSEG data

Including session moves, stock up 5.5% YTD