The Vanguard Group, Inc. has recently announced that it has increased stake in Gaming and Leisure Properties Inc. (NASDAQ:GLPI) by 0.29%. After grabbing 33.82 million shares, the institutional investor is now in possession of 97713.0 shares of the Real Estate Company. The new investment brought the stake of investor firm to 13.14% having worth around $1.7 billion. Moreover, Capital Research & Management Co increased its share by 17934.0 to have a control over 18.83 million shares. And BlackRock Fund Advisors raised its holdings to 0.15 million shares by acquiring 11.47 million shares or 4.45% of the stake.
Gaming and Leisure Properties Inc. (GLPI) concluded trading on 11/16/22 at a closing price of $49.48, with 1.89 million shares of worth about $93.48 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.22% during that period and on Wednesday the price saw a gain of about 0.32%. Currently the company’s common shares owned by public are about 256.56M shares, out of which, 246.04M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 71 times over the past 12 months. They bought 633,515 shares in 32 of the transactions. In 39 selling transactions, insiders dumped 825,908 shares.
Vanguard Real Estate Index Fund, American Funds Income Fund of Ame, and Capital Income Builder are the top 3 mutual funds which are holding stakes in Gaming and Leisure Properties Inc. Vanguard Real Estate Index Fund is currently holding 11.63 million shares of worth totaling $582.75 million. The company recently came selling -0.11 million shares which brought its stake up to 4.51% of the company’s outstanding shares. Capital Income Builder, after selling 8.27 million shares, have now control over 3.21% of the stake in the company. It holds -0.52 million shares of worth $414.68 million.
Gaming and Leisure Properties Inc. (NASDAQ: GLPI) started trading at $49.10, below -$0.22 from concluding price of the previous day. However, the stock later moved at a day high price of 49.55, or with a gain of 0.32%. Stock saw a price change of -1.14% in past 5 days and over the past one month there was a price change of 4.50%. Year-to-date (YTD), GLPI shares are showing a performance of 1.69% which increased to 4.34% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $41.81 but also hit the highest price of $52.87 during that period. The average intraday trading volume for Gaming and Leisure Properties Inc. shares is 1.85 million. The stock is currently trading 1.05% above its 20-day simple moving average (SMA20), while that difference is up 3.48% for SMA50 and it goes to 5.08% higher than SMA200.
The Vanguard Group, Inc. acquired 33.82 million shares of Gaming and Leisure Properties Inc. having value of about $1.7 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 97713.0 shares in the company valued at close to $4834839.24, or have control over 0.29% stake in the company. Gaming and Leisure Properties Inc. (NASDAQ: GLPI) currently have 256.56M outstanding shares and institutions hold larger chunk of about 91.80% of that. Holding of mutual funds in the company is about 29.43% while other institutional holders and individual stake holders have control over 61.44% and 26.64% of the stake respectively.
The stock has a current market capitalization of $12.96B and its 3Y-monthly beta is at 1.05. PE ratio of stock for trailing 12 months is 20.51, while it has posted earnings per share of $2.41 in the same period. Its PEG reads 2.20 while making debt-to-equity ratio of 1.71. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for GLPI, volatility over the week remained 2.32% while standing at 2.34% over the month.
Analysts are in expectations that Gaming and Leisure Properties Inc. (GLPI) stock would likely to be making an EPS of $0.63 in the current quarter, while forecast for next quarter EPS is $0.65 and it is $2.66 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.58 which is $0.68 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.49 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.70% while it is estimated to increase by 4.70% in next year. EPS is likely to grow at an annualized rate of 9.30% for next 5-years, compared to annual growth of 7.80% made by the stock over the past 5-years.
Analysts at 20 brokerage firms have issued recommendations for the Gaming and Leisure Properties Inc. (GLPI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 20 Wall Street analysts, 15 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JMP Securities on September 23, 2022 offering a Mkt outperform rating for the stock and assigned a target price of $53 to it. Coverage by RBC Capital Mkts stated Gaming and Leisure Properties Inc. (GLPI) stock as an Outperform in their note to investors on September 19, 2022, suggesting a price target of $54 for the stock. On January 20, 2022, Berenberg Initiated their recommendations, while on January 13, 2022, Truist Upgrade their ratings for the stock with a price target of $51. Stock get an Underperform rating from BofA Securities on January 10, 2022.