Gaming and Leisure Properties (GLPI) has been under a strong bear grip, hence the stock is down -3.41% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.1% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.71% in the last 1 week, and is up 3.12% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Gaming and Leisure Properties (NASDAQ:GLPI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.16 and $35.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.37, notching a gain of 0.43% for the day. The total traded volume was 1,006,348 . The stock had closed at $35.22 on the previous day.
The stock has recorded a 20-day Moving Average of 1.66% and the 50-Day Moving Average is 4.38%. Gaming and Leisure Properties, Inc is up 12.9% in the last 3-month period. Year-to-Date the stock performance stands at 32.24%.
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.