Gaming and Leisure Properties (GLPI) Shares are Down -1.58%

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 -1.85% 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 -1.55% relative to the S&P 500. The 4-week change in the price of the stock is -1.47% and the stock has fallen -1.58% in the past 1 week.

Gaming and Leisure Properties, Inc is up 8.28% in the last 3-month period. Year-to-Date the stock performance stands at 30.3%. The stock has recorded a 20-day Moving Average of 1.6% and the 50-Day Moving Average is 0.23%.


Gaming and Leisure Properties (NASDAQ:GLPI): The stock opened at $34.95 on Friday but the bulls could not build on the opening and the stock topped out at $34.98 for the day. The stock traded down to $34.67 during the day, due to lack of any buying support eventually closed down at $34.85 with a loss of -0.26% for the day. The stock had closed at $34.94 on the previous day. The total traded volume was 750,030 shares.

Also, In the latest statement by the brokerage house, Deutsche Bank maintains its outlook on Gaming and Leisure Properties (NASDAQ:GLPI). The current rating of the shares is Buy, according to the research report released by the firm. The brokerage firm 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *