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Wednesday, February 8, 2023

What Are The Chances Of Gaming and Leisure Properties Inc. (NASDAQ: GLPI) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Gaming and Leisure Properties Inc. (GLPI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.30, or 0.59%, to $51.14. The Gaming and Leisure Properties Inc. has recorded 48,213 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Gaming and Leisure Properties, Inc. Completes Previously Announced Sale Leaseback Transaction with Bally’s for Tiverton, RI and Biloxi, MS Properties.

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Stocks Info

As a NASDAQ listed company, GLPI falls under the Real Estate sector while operating within the REIT – Specialty industry segment. At the end of the last regular session, the stock closed at $50.84 and fluctuated between $51.44 as its day high and $50.20 as its day low. The current market capitalization of Gaming and Leisure Properties Inc. is $12.90B. A total of 1.05 million shares were traded on the day, compared to an average of 1.37M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, GLPI has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 3,000 shares. Over the last 12 months, there were 5 BUYs and 10 SELLs from insiders. Insiders purchased 44,084 shares during that period but sold 535,967.

In the most recent transaction, Burke Desiree A. sold 35,717 shares of GLPI for 51.18 per share on Jan 04. After the transaction, the CFO and Treasurer now owns 65,507 company shares. In a previous transaction on Jan 04, Moore Brandon John sold 3,296 shares at 51.23 per share. GLPI shares that COO, Gen Counsel & Sec owns now total 218,981.

Among the insiders who sold shares, Demchyk Matthew disposed of 30,743 shares on Jan 04 at a per-share price of $51.24. This resulted in the SVP, Chief Investment Officer holding 36,277 shares of GLPI after the transaction. In another insider transaction, Ladany Steven sold 9,505 shares at $51.25 per share on Jan 04. Company shares held by the SVP Chief Development Officer now total 57,846.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Gaming and Leisure Properties Inc. pays an annual dividend of $2.82, resulting in a dividend yield of 5.55%, and it has a price to earnings (P/E) ratio of 21.07. GLPI’s most recent ex-dividend date was 12/8/2022 when it declared a $0.7050 quarterly dividend that was paid in cash on 12/23/2022. Previously, the company paid the dividend on 9/30/2022 with an ex-dividend date of 9/15/2022. The GLPI stock dividend was $0.7050 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for GLPI in the last 3 months, the mean price target is $55.39 with high estimates of $61.00 and low estimates of $48.00. In terms of 52-week highs and lows, GLPI has a high of $53.43 and a low of $41.81.

As of this writing, GLPI has an earnings estimate of $0.63 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $0.68 per share and a lower estimate of $0.58. The company reported an EPS of $0.62 in the last quarter, which was -3.10% lower than expectations of $0.64.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 20 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GLPI is Sell with a score of 4.53. A total of 14 analysts rated the stock as Buy while 2 rated it as Overweight while 3 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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