Gaming and Leisure Properties Inc. (NASDAQ:GLPI) currently has a daily average trading volume of 1.11M but it saw 1502849 shares traded on Thursday. With a market cap of 13.49B USD, stock’s current market price of $50.22 came falling about -0.04 while comparing to the previous closing price of $50.24. In past 52 weeks, the stock remained buoying in the range of price level as high as $54.88 and as low as $41.78. In the recent trading on the day, stock has struck highest price mark of $50.65 while lowest mark touched by it was $49.72.
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Taking a look at 20-day trading activity of Gaming and Leisure Properties Inc. (GLPI) gives us an average price of $52.70, while its current price level is -8.49% below from 52-week high level whereas it is 20.21% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $52.68 while that of 200 days or SMA-200 reads an average of $50.02. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.30% during that period while stretching the period over a month that decreases to 1.81%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 32.93 which implies that the stock is in neutral territory.
Truist upgraded its recommendation for the stock as a “Buy” from “Hold” on January 11, 2023 while assigning a price target range of $54-$60. Raymond James also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $57 and $55.
Over the week, GLPI’s stock price is moving -2.84% down while it is -5.15% when we observe its performance for the past one month. Year-to-date it is -3.14% down and over the past year, the stock is showing an upside performance of 13.30%.
The latest quarterly earnings report issued by the company was for quarter ended 9/29/2022, when its quarterly earnings per share (EPS) of $0.85 beat the consensus estimate of $0.62 for the same. The company is expected to be releasing its next quarterly report in 04/27/2023, for which analysts forecasted an EPS of $0.64 while estimate for next year EPS is $2.58. For GLPI, analysts are forecasting an EPS-growth rate of 14.20% for current year and estimate for EPS growth in next year is 5.40%. In next quarter, company is expected to be making quarterly sales of $340.86 million as analysts are expecting the sales for current fiscal year at $1.3 billion and seeing the company making $1.37 billion in sales next year. Moreover, analysts are in estimates of $331.95 million for current-quarter revenue.
Currently, Gaming and Leisure Properties Inc.’s total number of outstanding shares is 259.13M with 4.55% of that held by the insiders while 92.25% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 10.10% and return on equity (ROE) at 20.10%. It has a price to earnings ratio (P/E ratio) of 18.89 while having a 17.44 of forward P/E ratio. Stock’s beta reads 1.03. Stock has a price to book (P/B) ratio of 3.44 while price to sale or P/S ratio amounts to 10.28. Its return on asset (ROA) is 6.40% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Real Estate Index Fund came shrinking its share ownership by -0.03% in the Gaming and Leisure Properties Inc. (GLPI) decreasing its stake to 4.45% with control over 3485.0 shares in the company. As per SEC documents, Vanguard Real Estate Index Fund shunned 11,451,516 of company’s common stock of worth $617.01 million as per recent closing price of the stock. Vanguard Real Estate Index Fund is not the only institutional holder which restructured its stake in Gaming and Leisure Properties Inc., as American Funds Income Fund of Ame dumped 10,793,948 shares of worth $581.58 million to bring its holdings to a total of -0.51 million shares.
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