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 -2.44% 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 -1.78% relative to the S&P 500. The 4-week change in the price of the stock is -2.96% and the stock has fallen -1.62% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.03% and the 50-Day Moving Average is 1.91%.The 200 Day SMA reached 9.46%
Gaming and Leisure Properties (NASDAQ:GLPI): The stock opened in the green at $33.82 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $33.88 and a low of $33.43 for the day. The stock did not find buyers even at the lows and closed at $33.45 recording a loss of -1.09%. 1,380,504 shares exchanged hands during the trading day. The stock had closed at $33.45 in the previous days trading.
Gaming and Leisure Properties (GLPI) has been rated by 7 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $40 and the lowest price target forecast is $32. The average forecast of all the analysts is $36.71 and the expected standard deviation is $3.59.
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.