Gaming and Leisure Properties Inc (NASDAQ: GLPI) is -8.29% lower on its value in year-to-date trading and has touched a low of $43.54 and a high of $52.45 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GLPI stock was last observed hovering at around $46.47 in the last trading session, with the day’s loss setting it -1.21%.
Currently trading at $45.26, the stock is -0.64% and -1.92% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.47 million and changing -2.60% at the moment leaves the stock -3.68% off its SMA200. GLPI registered -10.87% loss for a year compared to 6-month loss of -7.01%. The firm has a 50-day simple moving average (SMA 50) of $12.83 and a 200-day simple moving average (SMA200) of $13.62.
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The stock witnessed a 0.85% gain in the last 1 month and extending the period to 3 months gives it a -2.48%, and is -0.70% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.27% over the week and 1.50% over the month.
Gaming and Leisure Properties Inc (GLPI) has around 18 employees, a market worth around $12.09B and $1.44B in sales. Current P/E ratio is 16.35 and Fwd P/E is 15.38. Profit margin for the company is 50.95%. Distance from 52-week low is 3.95% and -13.71% from its 52-week high. The company has generated returns on investments over the last 12 months (6.65%).
Gaming and Leisure Properties Inc quarterly earnings per share for the current quarter are estimated at $0.7 with sales reaching $366.03M over the same period.The EPS is expected to grow by 2.62% this year, but quarterly earnings will post 3.70% year-over-year. Quarterly sales are estimated to grow 3.00% in year-over-year returns.
720 institutions hold shares in Gaming and Leisure Properties Inc (GLPI), with institutional investors hold 95.96% of the company’s shares. The shares outstanding are 270.92M, and float is at 255.11M with Short Float at 1.37%. Institutions hold 91.75% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 37.02 million shares valued at $1.79 billion. The investor’s holdings represent 14.09% of the GLPI Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 18.97 million shares valued at $919.26 million to account for 7.22% of the shares outstanding. The other top investors are Wellington Management Group, LLP which holds 11.83 million shares representing 4.50% and valued at over $573.29 million, while Capital International Investors holds 4.45% of the shares totaling 11.68 million with a market value of $566.02 million.
Gaming and Leisure Properties Inc (GLPI) Insider Activity
The most recent transaction is an insider purchase by Urdang E Scott, the company’s Director. SEC filings show that Urdang E Scott bought 2,500 shares of the company’s common stock on Mar 01 ’24 at a price of $45.00 per share for a total of $0.11 million. Following the purchase, the insider now owns 0.16 million shares.
Gaming and Leisure Properties Inc disclosed in a document filed with the SEC on Jan 04 ’24 that Moore Brandon John (COO, Gen Counsel & Sec) sold a total of 26,623 shares of the company’s common stock. The trade occurred on Jan 04 ’24 and was made at $48.89 per share for $1.3 million. Following the transaction, the insider now directly holds 0.24 million shares of the GLPI stock.
Still, SEC filings show that on Jan 04 ’24, Demchyk Matthew (SVP, Chief Investment Officer) disposed off 25,391 shares at an average price of $48.87 for $1.24 million. The insider now directly holds 57,976 shares of Gaming and Leisure Properties Inc (GLPI).
