Gaming and Leisure Properties (GLPI) has risen sharply, recording gains of 0.83% in the past 4 weeks. However, the stock has corrected -0.11% in the past 1 week, providing a good buying opportunity on dips. Gaming and Leisure Properties (GLPI) : During the past 4 weeks, traders have been relatively bearish on Gaming and Leisure Properties (GLPI), hence the stock is down -0.2% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.17% relative to the S&P 500.
The stock has recorded a 20-day Moving Average of 0.1% and the 50-Day Moving Average is 1.83%. Gaming and Leisure Properties (NASDAQ:GLPI): On Fridays trading session , Opening price of the stock was $35.49 with an intraday high of $35.5536. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $35.215. However, the stock managed to close at $35.41, a loss of 0.31% for the day. On the previous day, the stock had closed at $35.52. The total traded volume of the day was 1,541,621 shares.
The company Insiders own 22.37% of Gaming and Leisure Properties shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -74.54% . Institutional Investors own 85.52% of Gaming and Leisure Properties shares. During last six month period, the net percent change held by insiders has seen a change of -43.88%. Also, Equity Analysts at the Deutsche Bank maintains the rating on Gaming and Leisure Properties (NASDAQ:GLPI). The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency raises the price target from $38 per share to $40 per share. The rating by the firm was issued on August 10, 2016.
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.