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Saturday, June 3, 2023

Gaming and Leisure Properties Inc. (GLPI) Is Not Likely To Be The Same Tomorrow

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 $0.78, or 1.54%, to $51.33. The Gaming and Leisure Properties Inc. has recorded 40,299 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Gaming and Leisure Properties Reports Record First Quarter 2023 Results and Updates 2023 Full Year Guidance.

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Stocks Info

Gaming and Leisure Properties Inc. is listed on the NASDAQ in the Real Estate sector while operating in the REIT – Specialty industry. At the end of the last regular session, the stock closed at $50.55 and fluctuated between $50.64 as its day high and $49.62 as its day low. The current market capitalization of Gaming and Leisure Properties Inc. is $13.12B. A total of 0.79 million shares were traded on the day, compared to an average of 1.05M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, GLPI has seen 2 BUY and 1 SELL insider trades, representing the acquisition of 28,140 and the disposition of 194,281 shares. Over the last 12 months, there were 27 BUYs and 43 SELLs from insiders. Insiders purchased 650,788 shares during that period but sold 562,746.

In the most recent transaction, Urdang E Scott bought 1,000 shares of GLPI for 53.82 per share on Mar 01. After the transaction, the Director now owns 150,132 company shares. In a previous transaction on Feb 01, Moore Brandon John sold 3,000 shares at 54.00 per share. GLPI shares that COO, Gen Counsel & Sec owns now total 215,981.

Among the insiders who sold shares, Demchyk Matthew disposed of 1,412 shares on Feb 01 at a per-share price of $54.01. This resulted in the SVP, Chief Investment Officer holding 32,904 shares of GLPI after the transaction. In another insider transaction, Demchyk Matthew sold 1,961 shares at $52.27 per share on Jan 11. Company shares held by the SVP, Chief Investment Officer now total 34,316.


The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. Gaming and Leisure Properties Inc. pays an annual dividend of $2.88, resulting in a dividend yield of 5.70%, and it has a price to earnings (P/E) ratio of 19.01. GLPI’s most recent ex-dividend date was 3/9/2023 when it declared a $0.97 quarterly dividend that was paid in cash on 3/24/2023. Previously, the company paid the dividend on 12/23/2022 with an ex-dividend date of 12/8/2022. The GLPI stock dividend was $0.7050 per share in cash.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for GLPI in the last 3 months, the mean price target is $56.65 with high estimates of $61.00 and low estimates of $50.00. In terms of 52-week highs and lows, GLPI has a high of $54.88 and a low of $41.60.

As of this writing, GLPI has an earnings estimate of $0.67 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.71 per share and a lower estimate of $0.65. The company reported an EPS of $0.75 in the last quarter, which was 17.20% higher than expectations of $0.64.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. GLPI’s latest balance sheet shows that the firm has $724.60M in Cash & Short Term Investments as of fiscal 2021. There were $6.79B in debt and $476.89M in liabilities at the time. Its Book Value Per Share was $14.38, while its Total Shareholder’s Equity was $3.39B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 4.33.

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