GLPI (Gaming and Leisure Properties Inc.) may reap gains as insiders became active recently


Gaming and Leisure Properties Inc.’s filing revealed that its COO, Gen Counsel & Sec Moore Brandon John unloaded Company’s shares for reported $0.16 million on Feb 01. In the deal valued at $54.00 per share,3,000 shares were sold. As a result of this transaction, Moore Brandon John now holds 215,981 shares worth roughly $ 11.4 million.

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Then, Demchyk Matthew sold 1,412 shares, generating $76,262 in total proceeds. Upon selling the shares at $54.01, the SVP, Chief Investment Officer now owns 32,904 shares.

Before that, Demchyk Matthew sold 1,961 shares. Gaming and Leisure Properties Inc. shares valued at $102,501 were divested by the SVP, Chief Investment Officer at a price of $52.27 per share. As a result of the transaction, Demchyk Matthew now holds 34,316 shares, worth roughly $1.81 million.

Truist upgraded its Gaming and Leisure Properties Inc. [GLPI] rating to a Buy from a a Hold in a research note published on Friday, January 11, 2023; the price target was increased to $60 from $54. PT values the company’s stock at a premium of 12.05 to its Friday closing price. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early January from “a Strong buy” to “an Outperform”. JMP Securities began covering GLPI with “Mkt outperform” recommendation on September 23, 2022. RBC Capital Mkts started covering the stock on September 19, 2022. It rated GLPI as “an Outperform”.

Price Performance Review of GLPI

On Friday, Gaming and Leisure Properties Inc. [NASDAQ:GLPI] saw its stock jump 0.51% to $52.77. On the same session, the stock had its day’s lowest price of $52.24, but rose to a high of $53.90. Over the last five days, the stock has lost -0.15%. Gaming and Leisure Properties Inc. shares have risen nearly 1.31% since the year began. Nevertheless, the stocks have risen 19.96% over the past one year. While a 52-week high of $54.46 was reached on 02/02/23, a 52-week low of $41.97 was recorded on 01/05/23. SMA at 50 days reached $52.53, while 200 days put it at $49.46. A total of 1.53 million shares were traded, compared to the trading of 1.6 million shares in the previous session.

Levels Of Support And Resistance For GLPI Stock

The 24-hour chart illustrates a support level at 52.04, which if violated will result in even more drops to 51.31. On the upside, there is a resistance level at 53.70. A further resistance level may holdings at 54.63. The Relative Strength Index (RSI) on the 14-day chart is 48.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.95%. Stochastics %K at 27.55% indicates the stock is a holding.

How much short interest is there in Gaming and Leisure Properties Inc.?

A steep rise in short interest was recorded in Gaming and Leisure Properties Inc. stocks on Jan 30, 2023, growing by 1.13 million shares to a total of 5.78 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 4.65 million shares. There was a rise of 19.55%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.72% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.4.

Gaming and Leisure Properties Inc. [GLPI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 36,061,869 shares, or roughly 14.00% of the outstanding GLPI shares. In other words, the investor’s shares have risen by 431,810 from its previous 13-F filing of 35630059.0. Additionally, Capital Research & Management Co increased 0.12% of its stake after which the total value it holdings stand at $957,473,910, while BlackRock Fund Advisors added 11.50% of its stake to hold $684.7 million in the firm. Over the last quarter, Wellington Management Co. LLP purchased 1,665,960 shares of Gaming and Leisure Properties Inc., while Capital Research & Management Co bought -2,679,313 shares. At present, Putnam Investment Management LLC is holding 9,114,344 shares valued at $488.16 million. BAMCO, Inc. owned 8,886,021 shares of the company at the time of its most recent 13F filing, worth $475.94 million.

According to FactSet, Gaming and Leisure Properties Inc.’s share price will average $56.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.57 percent from its previous closing price of $52.50. Analysts expect Gaming and Leisure Properties Inc. stock to reach the higher price of $61.00, while the lowest price estimate is $50.00. However, 19 analysts have rated GLPI stock as a Buy in their predictions for 2023. The most recent change occurred on January 20, 2022 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $54 price target.


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