Gaming and Leisure Properties, Inc. (NASDAQ:GLPI – Get Rating) was the target of a significant drop in short-selling rates in November. As of November 30, 3.75 million shares were short-sold, down 15.2% from the November 15 total of 4.42 million shares. Based on an average daily trading volume of 1.57 million shares, the current short-term interest rate ratio is 2.4 days.
Wall Street analyst opinion
Several brokerage firms have commented on GLPI. KeyCorp raised its price target for Gaming and Leisure Properties from his $52.00 to his $54.00 in a report on Wednesday, November 30, giving the stock an “Overweight” rating. Citigroup raised its price target for gaming and leisure facilities stocks to $59.00 in a research note on Monday, Aug. 22. JMP Securities covered gaming and leisure property equities in its research note on Friday, September 23rd. They set an “excellent” rating and a target price for the company of $53.00. Morgan Stanley raised its price target on gaming and leisure property stocks from her $54.00 to her $55.00 in a research note on Friday, giving the company an “overweight” rating. Finally, the Royal Bank of Canada covered gaming and leisure property stocks in its Research His Note on Monday, September 19th. They set an “excellent” rating and a target price for the company of $54.00. One analyst evaluated the stock with a sell rating, two issued hold ratings, six assigned buy ratings, and one gave the company’s stock a strong buy rating. According to MarketBeat.com data, the stock currently has an average rating of “moderate buy” with a consensus target price of $55.27.
Gaming and Leisure Facilities Shares Fall 1.3%
GLPI shares fell $0.70 on Friday to reach $52.32. 1,985,947 shares were traded in the hand, while the average trading volume was 1,544,693 of his shares. The company has a market capitalization of $13.37 billion, a PE ratio of 21.44, a P/E/G ratio of 10.61, and a beta of 1.02. The company has an equity ratio of 1.57, a quick ratio of 0.60 and a current ratio of 0.60. His 50-day simple moving average for this business is $49.88 and his 200-day simple moving average is $48.89. Gaming and Leisure Properties has a one-year low of $41.81 and a one-year high of $53.43.
Game and Leisure Facility Dividend Notice
The company recently announced a quarterly dividend payable on Friday, December 23rd. Investors of record on Friday, December 9 will receive a dividend of $0.705 per share. This represents his $2.82 dividend and his 5.39% dividend yield on an annualized basis. The ex-dividend date is Thursday, December 8. Gaming and Leisure Properties currently has a dividend payout ratio (DPR) of 115.57%.
insider bet
In other gaming and leisure property news, COO Brandon John Moore sold 3,000 shares in the company in a deal on Wednesday, November 30th. The shares sold for a total of $156,000.00 at an average price of $52.00. Following the closing of the sale, the Chief Operating Officer now directly owns 182,993 shares of the company, valued at $9,515,636. The sale was disclosed in documents filed with the Securities and Exchange Commission, which can be accessed at this link. His 4.60% of the shares are now owned by company insiders.
Institutional investors consider gaming and leisure assets
Several institutional investors and hedge funds have recently changed their positions on GLPI. Capital International Sarl increased its gaming and leisure property holdings by 3.2% in the first quarter. Capital International Sarl now owns 105,574 real estate investment trust shares worth $4,955,000 after purchasing an additional 3,285 of his shares during the previous quarter. Pictet Asset Management SA increased its gaming and leisure property holdings by 3.9% in the second quarter. Pictet Asset Management SA now owns 94,171 real estate investment trust shares worth $4,319,000 after purchasing an additional 3,573 of his shares during the previous quarter. The Moody National Bank Trust Division increased its gaming and leisure property holdings by 48.7% in the third quarter. Moody National Bank Trust Division owns 22,448 real estate investment trust shares worth $993,000 after purchasing an additional 7,352 shares during the previous quarter. Ranger Global Real Estate Advisors LLC increased its gaming and leisure property holdings by 6.2% in the first quarter. Ranger Global Real Estate Advisors LLC now owns 698,957 real estate investment trust shares valued at $32,802,000 after purchasing an additional 40,984 shares during the previous quarter. Finally, the Healthcare of Ontario Pension Plan Trust Fund increased its gaming and leisure property holdings by 1,912.6% in the second quarter. The Healthcare of Ontario Pension Plan Trust Fund now owns 99,360 real estate investment trust shares valued at $4,557,000 after purchasing an additional 94,423 shares during the previous quarter. Institutional investors own 88.45% of the company’s shares.
Gaming & Leisure Facility Company Profile
(get rating)
GLPI is in the business of acquiring, financing and owning real estate, which is leased to gaming operators under triple net lease agreements. Consistent with this, the Tenant agrees to maintain all facilities, necessary insurance in connection with the leased property, and any business conducted on the leased property, taxes imposed on the leased property, all utilities and other services necessary or appropriate to the leased property. services, and business conducted on the leased property.
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