Gaming and Leisure Properties Inc. (NASDAQ:GLPI) finished Friday with a subtraction of -$0.15 to close at $47.79, a downside of -0.31 percent. An average of 659,500 shares of common stock have been traded in the last five days. There was a gain of $0.17 in the past week, and it reached a new high 13 times over the past 12 months. The last 20 days have seen an average of 988,640 shares traded, while the 50-day average volume stands at 1,050,494.
GLPI stock has decreased by -1.24% in the last month. The company shares reached their 1-month lowest point of $46.67 on 07/28/23. With the stock rallying to its 52-week high on 03/06/23, shares of the company touched a low of $43.20 and a high of $54.88 in 52 weeks. It has reached a new high 8 times so far this year and lost -7.83% or -$4.30 in price. In spite of this, the price is down -12.91% from the 52-week high.
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Insider Transactions
GLPI stock investors should be aware that Gaming and Leisure Properties Inc. (GLPI) stock had its last reported insider trading activity 192 days ago on Aug 03. In this transaction, the insider spent $162,000. SVP, Chief Investment Officer, Demchyk Matthew, disposed of 1,412 shares at a price of $54.01 on Feb 01. The insider now owns more than $76,262 worth of shares. Prior to that, SVP, Chief Investment Officer Demchyk Matthew went on to Sale 1,961 shares at $52.27 each on Jan 11. An amount of $102,501 was transacted.
Valuation Metrics
Gaming and Leisure Properties Inc. (GLPI) has a trailing price-to-earnings (P/E) ratio of 16.56. The stock’s beta is 0.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 9.09, the price-to-book (PB) ratio at 3.34.
The company has a payout ratio of 93.60%. The company’s most recent quarterly dividend payment was $0.72 a share, representing a down of -25.77% from $0.97 last year. Its latest decrease dividend $0.25 reported on Thursday June 1 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 1.68 and a total debt to equity ratio of 1.68 for the quarter ending June 29. Its gross profit as reported stood at $1.03 billion compared to revenue of $1.31 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Gaming and Leisure Properties Inc.’s return on assets was 6.90%.
Earnings Surprise
For the three-month period that ended June 29, Gaming and Leisure Properties Inc. had $6.25 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $155.63 million in the quarter, while revenues of $183.35 million were grew 2.78%. The analyst consensus anticipated Gaming and Leisure Properties Inc.’s latest quarter earnings to come in at $0.7 per share, but it turned out to be $0.59, a -15.70% surprise. For the quarter, EBITDA amounted to $309.7 million. At the end of the quarter ending June 29, Gaming and Leisure Properties Inc.’s stock balance sheet showed total debt was $6.5 billion. Shareholders own equity worth $262.64 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Gaming and Leisure Properties Inc. (GLPI) price momentum. RSI 9-day as of the close on 11 August was 43.54%, suggesting the stock is Neutral, with historical volatility in this time frame at 14.36%.
As of today, GLPI’s price is $48.14 +0.36% or $0.17 from its 5-day moving average. GLPI is currently trading -1.61% lower than its 20-day SMA and -5.10% lower than its 100-day SMA. However, the stock’s current price level is -0.73% below the SMA50 and +4.00% above the SMA200.
The stochastic %K and %D were 41.53% and 44.26%, respectively, and the average true range (ATR) was 0.76. With the 14-day stochastic at 38.75% and the average true range at 0.79, the RSI (14) stands at 44.88%. The stock has reached 0.04 on the 9-day MACD Oscillator while the 14-day reading was at -0.05.
Analyst Ratings
Deutsche Bank downgraded Gaming and Leisure Properties Inc. (NASDAQ: GLPI) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Gaming and Leisure Properties Inc. (GLPI) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell GLPI, while 4 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 2 analysts, while 13 others rate it as a “buy”.
What is GLPI’s price target for the next 12 months?
Analysts predict a range of price targets between $50.00 and $63.00, with a median target of $56.50. Taking a look at these predictions, the average price target given by analysts for Gaming and Leisure Properties Inc. (GLPI) stock is $55.89.
