The stock of Gaming and Leisure Properties Inc. (NASDAQ:GLPI) increased by $0.45 on Wednesday to $46.87, up 0.97 percent. The last five days have seen an average of 1,267,339 shares of common stock traded. 8 times new highs were reached in the current year, with a fall of -$5.05. The average number of shares traded over the last 20 days was 921,325, while the average volume over the last 50 days totaled 1,039,506.
GLPI stock dropped -2.48% since last month. On 08/18/23, the company’s shares reached a one-month low of $45.29. The stock touched a high of $54.88 on 03/06/23, after rallying from a low of $43.20 in 52 weeks. The price of GLPI stock has declined by -9.61% or -$5.05 this year, reaching a new high 8 times. Still, the stock price is down -14.59% from the 52-week high.
Top 5 AI Stocks to Buy for 2023
The artificial intelligence (AI) revolution is already here. And it's about to change everything we know about everything.
According to Grand View Research, the global AI boom could grow from about $137 billion in 2022 to more than $1.81 trillion by 2030. And investors like you always want to get in on the hottest stocks of tomorrow. Here are five of the best ways to profit from the AI boom.
Click Here to Download the FREE Report.
Sponsored
Insider Transactions
GLPI stock investors should be aware that Gaming and Leisure Properties Inc. (GLPI) stock had its last reported insider trading activity 13 days ago on Aug 17. On Aug 17, Director SCHWARTZ BARRY F acquired 1,500 shares at $45.83 each. This transaction resulted in the insider spending $68,745. On Aug 11, SCHWARTZ BARRY F added 1,000 shares at a price of US$47.74. After the transaction, the insider now owns 53,823 shares. Director SCHWARTZ BARRY F had earlier bought 1,000 shares on Aug 03 for $47.35 a share. The transaction was completed for $47,350.
Valuation Metrics
Gaming and Leisure Properties Inc. (GLPI) has a trailing price-to-earnings (P/E) ratio of 16.25. Beta for the stock is 1.00. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 8.91, the price-to-book (PB) ratio of 3.28, and the price-to-cash flow ratio of 41.73.
Company paid $0.72 per share in dividends, a decrease of -25.77% from $0.97 last year. A $0.25 dividend decrease was reported on Thursday June 1 2023.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.68, and the total debt to equity ratio is 1.68. As far as profitability goes, gross margin for the trailing twelve months is 96.60% percent. Gaming and Leisure Properties Inc.’s operating margin stood at 79.40% for the same period. Based on annual data, it had gross profit of $1.03 billion and revenue of $1.31 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GLPI’s return on assets (ROA) during the last 12 months has been 6.90%. There was a 10.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 20.20%.
Earnings Surprise
According to Gaming and Leisure Properties Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $356.59 million, while revenues rose by 8.44% to $355.21 million. It was predicted that Gaming and Leisure Properties Inc.’s quarterly earnings would be $0.59, but it ended up being $0.7, beating the consensus by -15.70%. EBITDA was $309.7 million for the quarter. At the end of Gaming and Leisure Properties Inc.’s most recent quarter ended June 29, its total debt was $6.5 billion. Equity owned by shareholders amounts to $262.64 million.
Technical Picture
Here’s a quick look at Gaming and Leisure Properties Inc.’s (GLPI) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 56.52%, suggesting the stock is Neutral, with a 10.50% historical volatility rate.
The stochastic %K and %D were 40.69% and 27.94% respectively, while the average true range (ATR) was 0.67. Based on the 14-day stochastic reading of 64.61%, the RSI (14) reading is 50.24%. On the 9-day MACD Oscillator, the stock is at 0.37, and the 14-day reading is at 0.16.
Analyst Ratings
Gaming and Leisure Properties Inc. (NASDAQ: GLPI) was downgraded by Deutsche Bank to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned Gaming and Leisure Properties Inc. (GLPI) an Overweight rating. GLPI is a stock that is recommended for selling by 0 brokerage firms, while 4 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 12 others recommend it as a buy.
What is GLPI’s price target for the next 12 months?
The current consensus forecast for the stock is between $50.00 and $63.00, with a median target price of $57.00. In analyzing these forecasts, the average price target given by analysts for Gaming and Leisure Properties Inc. (GLPI) is $56.00.
