On Jan. 05, Ladany Steven divested U.S. $145,040 in shares of Gaming and Leisure Properties Inc.. The SVP Chief Development Officer sold 3,599 shares at a price per share of $40.30. The transaction decreased this specific insider’s holdings to 33,268 shares worth around $1.37 million at present.
Loop Capital launched its Gaming and Leisure Properties Inc. [GLPI] rating to the equivalent of a Buy and assigned the price target of $50, in a research note dated November 17, 2020. That figure represents around a 17.7% premium from where the company’s shares closed on Wednesday. Some new analysts also started their coverage, with Loop Capital’s analysts assigning the shares to “a Buy” rating in a research note to investors issued in mid November. Meanwhile, Raymond James had launched its coverage on GLPI with “Strong buy”, in a research note produced for clients November 12, 2020. In addition, there was an upgrade from Jefferies on November 02, 2020. The rater changed GLPI from “a Hold” to “a Buy”.
Is Gaming and Leisure Properties Inc. [NASDAQ:GLPI] a Good Buy Right Now?
It should be noted that GLPI technical indicators for short, intermediate as well as long term progress have placed an overall average of 56% as Buy. The average signal changed from 88% Buy in the last week and compares with 100% Buy in the past month. Data from Gaming and Leisure Properties Inc.’s Trend Spotter indicated that the signals were Weakest. The stock current average is 1.1 million shares in the past 20 days and the short term average signal indicates a 50% Buy. In the last 50 days, the average trading volume was 1.2 million shares while the medium term average advocated for 50% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 1.04 million shares.
GLPI Price Performance
On Wall Street, Gaming and Leisure Properties Inc. [NASDAQ:GLPI] finished Wednesday’s session up 0.22% at $41.15. The stock went up to $41.89 at the same session while its lowest single day price was $41.02. In the last five days, it saw a fall of about -2.14%, Gaming and Leisure Properties Inc. shares dropped by almost -2.95% since the beginning of the year. However, the share price has dropped to as low as -18.27% below its one year high. On 01/04/21, the company shares recorded $43.08, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/05/21, the same year at $40.20. The company’s shares have declined by -3.95% in the past year. The 50-day SMA achieved is $41.20 while the 200-day SMA is $35.69. Volume dropped to 1.14 million from 1.28 million in the previous session.
Gaming and Leisure Properties Inc. [GLPI] Valuation Measures
Notably, Gaming and Leisure Properties Inc. [GLPI] stock cannot be classified as a good candidate in the listing of underestimated low-priced REIT – Specialty companies to purchase soonest possible with the prevailing 12-month PE ratio of 20.33. The measure means the stock is exchanging at a premium as compared to the 18.84x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 8.28 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 7.37 which means GLPI serve an unattractive investment opportunity compared to its competitors.
GLPI Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 40.82 level, and in case of violation of this particular level, it will cause more drop to 40.48 level. On the upper level, 42.22 is still the key resistance. The stock may increase to the subsequent resistance at 41.69. The Relative Strength Index (RSI) pinned on the 14-day chart is 44.69, implying a neutral technical stance while the MACD stands at -1.35, meaning price will decrease in the next trading period. Percent R indicator moved to 77.41%, implying bearish price movement. Stochastic %K at 14.95% suggest buying the stock.
What is the short interest in Gaming and Leisure Properties Inc.?
Short interest in the Gaming and Leisure Properties Inc. stock has plunged, decreasing by -0.75 million shares to total 3.37 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 2.62 million, data from Yahoo Finance shows. The increase of 22.26% suggests the stock saw some increased bearish sentiment. The stock’s days to cover (short ratio) moved to while the shorted shares account for just 1.81% of the overall float for the stock.
Gaming and Leisure Properties Inc.’s Biggest Shareholders: Who Owns Gaming and Leisure Properties Inc. [GLPI]?
Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 28,274,860 shares or roughly 12.30% of the outstanding GLPI shares. This means their shares have reduced by -473,661 from the 28,274,860 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, Capital Research & Management Co updated stake is worth $732,276,633. Details in the latest 13F filings reveal that BlackRock Fund Advisors disposed off their -1.35% stake valued at $430,672,015 while BAMCO, Inc. cut theirs at $373,843,799. During the last quarter, BlackRock Fund Advisors liquidated -141,468 of its shares in Gaming and Leisure Properties Inc. while BAMCO, Inc. sold -2,838 shares. The Fidelity Management & Research Co’s holdings currently number 7,871,924 shares at $323929672.6. According to the firm’s last 13F report, Capital Research & Management Co shares in the company at filing stood at 7,329,603 shares, roughly $304,471,709.
GLPI Earnings Forecast For The Current Quarter
Gaming and Leisure Properties Inc. [GLPI] is expected to report strong earnings results for the quarter ending on Dec 2020. Consensus estimates give the company expected revenues of $300.01M and an earnings per share of $0.57 for Dec 2020. Looking further ahead, the company is expected to report revenue of $299.44M at an EPS of $0.55 for Mar 2021. The estimates represent upside of 4.10% and 6.36% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
GLPI Earnings Estimates For The Current Year
For the financial year, Gaming and Leisure Properties Inc. [NASDAQ:GLPI] is expected to bring in revenue of $1.15B. The returns are nearly $0.0 lower than the company’s actual revenue recorded in the fiscal year 2019. In terms of EPS for the 2020, estimate put it at 2.11, higher than that of FY19 by $0.35. Estimates put this year’s earnings growth at 19.90%, 6.20% for the next, and at an annual 10.03% over the next 5-year period. As for sales, forecasts are for a decrease of -0.10% in the current fiscal year and a further 4.10% over the following year.
What are analyst thoughts on Gaming and Leisure Properties Inc.?
Looking forward to the Gaming and Leisure Properties Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for Gaming and Leisure Properties Inc. stock at $47.50 within the next 12 months, which represents almost 13.37 per cent growth from its previous closing price of $41.15. The highest analysts’ target for Gaming and Leisure Properties Inc. stock projections is $52.00 and the lowest one is $41.00. Still, 16 analysts sharing their consensus rating for GLPI stock in 2021 agree that it is a Buy.