Wolfe Research has recently raised Gaming and Leisure Properties Inc (GLPI) stock to Outperform rating, as announced on August 23, 2024, according to Finviz. Earlier, on December 14, 2023, JP Morgan had reduced the stock from a Overweight to Neutral, setting a price target of $48. Mizuho also reduced Neutral rating with a price target of $47. Additionally, Goldman initiated Neutral rating on December 8, 2023, with a target price of $51. Wedbush analysts, in their report published on October 3, 2023, also initiated Outperform rating for Gaming and Leisure Properties Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
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Gaming and Leisure Properties Inc (GLPI) Stock Trading Recap
On Tuesday, Gaming and Leisure Properties Inc (GLPI) stock saw a modest uptick, ending the day at $52.34 which represents a slight increase of $0.23 or 0.44% from the prior close of $52.11. The stock opened at $52.16 and touched a low of $52.02 during the day, reaching a high of $52.6. The volume of shares traded was 1.19 million falling short of the average volume of 1.32 million.
GLPI Stock Performance and Moving Averages
In recent trading, Gaming and Leisure Properties Inc (GLPI) stock price has shown some volatility, fluctuating 1.43% over the last five trades and 6.08% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by 13.00%, and it has gained 20.43% in the previous three months. Currently, GLPI is trading at 3.51%, 7.01%, and 13.00% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, GLPI, a Real Estate sector stock, is trading -0.16% below its 52-week high but remains 25.22% above its 52-week low. The Average True Range (ATR) (14 days) of 0.81 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
Gaming and Leisure Properties Inc’s Profitability and Valuation Ratios
Gaming and Leisure Properties Inc’s profitability metrics reveal strong financial health. The company currently boasts an operating margin of 74.90% and a profit margin of 52.36%, with a gross margin of 13.00%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, Gaming and Leisure Properties Inc’s market capitalization stands at $14.36 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 18.13, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 17.28. Additionally, the Price-to-Sales Ratio is 9.67, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 3.44, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 4.40% of Gaming and Leisure Properties Inc (GLPI)’s shares, while financial institutions hold 89.72%.
Notable insider trades include Burke Desiree A., CFO and Treasurer at Gaming and Leisure Properties Inc (GLPI), who sold 12973 shares on Aug 30 ’24, at $52.02 each, totaling $0.67 million. On Aug 23 ’24, Moore Brandon John, COO, Gen Counsel & Sec, sold 30900 shares for $50.05 each, amounting to $1.55 million. Additionally, on Aug 12 ’24, Urdang E Scott sold 5605 shares at $48.89 each, generating $0.27 million.
