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Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) was the goal of a big drop in brief curiosity within the month of November. As of November thirtieth, there was quick curiosity totalling 3,750,000 shares, a drop of 15.2% from the November fifteenth complete of 4,420,000 shares. Based mostly on a mean every day buying and selling quantity, of 1,570,000 shares, the short-interest ratio is presently 2.4 days.
Wall Road Analyst Weigh In
A number of brokerages have commented on GLPI. KeyCorp raised their value goal on shares of Gaming and Leisure Properties from $52.00 to $54.00 and gave the inventory an “obese” score in a report on Wednesday, November thirtieth. Citigroup raised their goal value on shares of Gaming and Leisure Properties to $59.00 in a analysis observe on Monday, August twenty second. JMP Securities assumed protection on shares of Gaming and Leisure Properties in a analysis observe on Friday, September twenty third. They set an “outperform” score and a $53.00 goal value for the corporate. Morgan Stanley raised their goal value on shares of Gaming and Leisure Properties from $54.00 to $55.00 and gave the corporate an “obese” score in a analysis observe on Friday. Lastly, Royal Financial institution of Canada assumed protection on shares of Gaming and Leisure Properties in a analysis observe on Monday, September nineteenth. They set an “outperform” score and a $54.00 goal value for the corporate. One analyst has rated the inventory with a promote score, two have issued a maintain score, six have assigned a purchase score and one has given a powerful purchase score to the corporate’s inventory. Based on information from MarketBeat.com, the inventory at present has a mean score of “Reasonable Purchase” and a consensus goal value of $55.27.
Gaming and Leisure Properties Inventory Down 1.3 %
Shares of GLPI traded down $0.70 on Friday, hitting $52.32. 1,985,947 shares of the inventory traded palms, in comparison with its common quantity of 1,544,693. The corporate has a market capitalization of $13.37 billion, a PE ratio of 21.44, a P/E/G ratio of 10.61 and a beta of 1.02. The corporate has a debt-to-equity ratio of 1.57, a fast ratio of 0.60 and a present ratio of 0.60. The enterprise has a 50 day easy shifting common of $49.88 and a 200 day easy shifting common of $48.89. Gaming and Leisure Properties has a one yr low of $41.81 and a one yr excessive of $53.43.
Gaming and Leisure Properties Dividend Announcement
The corporate additionally not too long ago declared a quarterly dividend, which shall be paid on Friday, December twenty third. Buyers of report on Friday, December ninth shall be given a dividend of $0.705 per share. This represents a $2.82 annualized dividend and a dividend yield of 5.39%. The ex-dividend date is Thursday, December eighth. Gaming and Leisure Properties’s dividend payout ratio (DPR) is at present 115.57%.
Insiders Place Their Bets
In different Gaming and Leisure Properties information, COO Brandon John Moore bought 3,000 shares of the agency’s inventory in a transaction dated Wednesday, November thirtieth. The shares had been bought at a mean value of $52.00, for a complete worth of $156,000.00. Following the completion of the sale, the chief working officer now straight owns 182,993 shares within the firm, valued at $9,515,636. The sale was disclosed in a doc filed with the Securities & Change Fee, which is accessible by this link. 4.60% of the inventory is at present owned by firm insiders.
Institutional Buyers Weigh In On Gaming and Leisure Properties
A number of institutional buyers and hedge funds have not too long ago made adjustments to their positions in GLPI. Capital Worldwide Sarl boosted its holdings in Gaming and Leisure Properties by 3.2% within the first quarter. Capital Worldwide Sarl now owns 105,574 shares of the true property funding belief’s inventory value $4,955,000 after buying a further 3,285 shares over the past quarter. Pictet Asset Administration SA boosted its holdings in Gaming and Leisure Properties by 3.9% within the second quarter. Pictet Asset Administration SA now owns 94,171 shares of the true property funding belief’s inventory value $4,319,000 after buying a further 3,573 shares over the past quarter. Moody Nationwide Financial institution Belief Division boosted its holdings in Gaming and Leisure Properties by 48.7% within the third quarter. Moody Nationwide Financial institution Belief Division now owns 22,448 shares of the true property funding belief’s inventory value $993,000 after buying a further 7,352 shares over the past quarter. Ranger International Actual Property Advisors LLC boosted its holdings in Gaming and Leisure Properties by 6.2% within the first quarter. Ranger International Actual Property Advisors LLC now owns 698,957 shares of the true property funding belief’s inventory value $32,802,000 after buying a further 40,984 shares over the past quarter. Lastly, Healthcare of Ontario Pension Plan Belief Fund boosted its holdings in Gaming and Leisure Properties by 1,912.6% within the second quarter. Healthcare of Ontario Pension Plan Belief Fund now owns 99,360 shares of the true property funding belief’s inventory value $4,557,000 after buying a further 94,423 shares over the past quarter. Institutional buyers personal 88.45% of the corporate’s inventory.
Gaming and Leisure Properties Firm Profile
GLPI is engaged within the enterprise of buying, financing, and proudly owning actual property property to be leased to gaming operators in triple-net lease preparations, pursuant to which the tenant is accountable for all facility upkeep, insurance coverage required in reference to the leased properties and the enterprise performed on the leased properties, taxes levied on or with respect to the leased properties and all utilities and different companies crucial or applicable for the leased properties and the enterprise performed on the leased properties.
Featured Tales
This prompt information alert was generated by narrative science know-how and monetary information from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial workforce previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.
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