The stock of Gaming and Leisure Properties Inc (GLPI) has seen a 3.44% increase in the past week, with a -2.75% drop in the past month, and a -2.23% decrease in the past quarter. The volatility ratio for the week is 2.08%, and the volatility levels for the past 30 days are at 1.90% for GLPI.. The simple moving average for the past 20 days is 2.45% for GLPI’s stock, with a -4.21% simple moving average for the past 200 days.
Is It Worth Investing in Gaming and Leisure Properties Inc (NASDAQ: GLPI) Right Now?
Gaming and Leisure Properties Inc (NASDAQ: GLPI) has a higher price-to-earnings ratio of 16.30x compared to its average ratio, The 36-month beta value for GLPI is at 0.98. Analysts have varying views on the stock, with 3 analysts rating it as a “buy,” 1 rating it as “overweight,” 6 as “hold,” and 1 as “sell.”
The public float for GLPI is 259.52M, and currently, shorts hold a 1.85% of that float. The average trading volume for GLPI on May 08, 2024 was 1.41M shares.
GLPI) stock’s latest price update
Gaming and Leisure Properties Inc (NASDAQ: GLPI)’s stock price has gone rise by 1.26 in comparison to its previous close of 43.65, however, the company has experienced a 3.44% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-05-02 that Now’s a great time to pick up dividend stocks, and income investors can afford to be choosy when it comes to high yield. MPLX LP is a midstream company with strong cash flow generation and an 8.1% yield, supported by a robust balance sheet. Gaming and Leisure Properties is the second-largest owner of gaming properties in the US, with a 7.1% dividend yield and potential for future growth.
Analysts’ Opinion of GLPI
Many brokerage firms have already submitted their reports for GLPI stocks, with JP Morgan repeating the rating for GLPI by listing it as a “Neutral.” The predicted price for GLPI in the upcoming period, according to JP Morgan is $48 based on the research report published on December 14, 2023 of the previous year 2023.
Mizuho, on the other hand, stated in their research note that they expect to see GLPI reach a price target of $47, previously predicting the price at $50. The rating they have provided for GLPI stocks is “Neutral” according to the report published on December 11th, 2023.
Goldman gave a rating of “Neutral” to GLPI, setting the target price at $51 in the report published on December 08th of the previous year.
GLPI Trading at -0.79% from the 50-Day Moving Average
After a stumble in the market that brought GLPI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.06% of loss for the given period.
Volatility was left at 1.90%, however, over the last 30 days, the volatility rate increased by 2.08%, as shares sank -3.89% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.58% lower at present.
During the last 5 trading sessions, GLPI rose by +3.44%, which changed the moving average for the period of 200-days by -11.12% in comparison to the 20-day moving average, which settled at $43.05. In addition, Gaming and Leisure Properties Inc saw -10.44% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GLPI starting from Urdang E Scott, who purchase 2,500 shares at the price of $45.00 back on Mar 01 ’24. After this action, Urdang E Scott now owns 156,685 shares of Gaming and Leisure Properties Inc, valued at $112,500 using the latest closing price.
Moore Brandon John, the COO, Gen Counsel & Sec of Gaming and Leisure Properties Inc, sale 26,623 shares at $48.89 during a trade that took place back on Jan 04 ’24, which means that Moore Brandon John is holding 242,414 shares at $1,301,598 based on the most recent closing price.
Stock Fundamentals for GLPI
Current profitability levels for the company are sitting at:
- 0.75 for the present operating margin
- 0.88 for the gross margin
The net margin for Gaming and Leisure Properties Inc stands at 0.51. The total capital return value is set at 0.09. Equity return is now at value 18.37, with 6.33 for asset returns.
Based on Gaming and Leisure Properties Inc (GLPI), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.15. The debt to equity ratio resting at 1.61. The interest coverage ratio of the stock is 6.3.
Currently, EBITDA for the company is 1.36 billion with net debt to EBITDA at 5.24. When we switch over and look at the enterprise to sales, we see a ratio of 13.12. The receivables turnover for the company is 0.64for trailing twelve months and the total asset turnover is 0.12.
Conclusion
In conclusion, Gaming and Leisure Properties Inc (GLPI) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
