Gaming and Leisure Properties (NASDAQ:GLPI): The mean estimate for the short term price target for Gaming and Leisure Properties (NASDAQ:GLPI) stands at $34.43 according to 7 Analysts. The higher price target estimate for the stock has been calculated at $40 while the lower price target estimate is at $32.
Many analysts have stated their opinion on the company shares. SunTrust Robinson Humphrey initiates coverage on Gaming and Leisure Properties (NASDAQ:GLPI). The shares have now been rated Neutral by the stock experts at the ratings house. The rating by the firm was issued on April 8, 2016. For the current week, the company shares have a recommendation consensus of Buy.
On the companys insider trading activities, The officer (Sr VP-Chief Financial Officer), of Gaming & Leisure Properties, Inc., Clifford William J had unloaded 100,000 shares at $33.18 per share in a transaction on June 1, 2016. The total value of transaction was $3,318,000. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
Gaming and Leisure Properties (NASDAQ:GLPI) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.3 points or 0.88% at $33.77 with 1,587,776 shares getting traded. Post opening the session at $34.1, the shares hit an intraday low of $33.64 and an intraday high of $34.295 and the price was in this range throughout the day. The company has a market cap of $4,927 million and the number of outstanding shares have been calculated to be 145,900,750 shares. The 52-week high of Gaming and Leisure Properties (NASDAQ:GLPI) is $38.3 and the 52-week low is $24.21.
Gaming and Leisure Properties, Inc. (GLPI) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements. Triple net leases are leases, in which the lessee pays rent to the lessor, as well as all taxes, insurance, and maintenance expenses that arise from the use of the property. The Company operates in two segments: GLP Capital, L.P. (a wholly owned subsidiary of GLPI, through which GLPI owns all of its real estate assets) (GLP Capital) and the TRS Properties. The GLP Capital segment consists of the leased real property and represents the Companys business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.