Gaming and Leisure Properties Sees Significant Decline in Short Interest (GLPI)
Gaming and Leisure Properties (NASDAQ:GLPI) saw a significant decline in short interest in the month of April. As of April 30th, there was short interest totalling 8,137,741 shares, a decline of 14.7% from the April 15th total of 9,544,270 shares, American Banking & Market News reports. Based on an average daily trading volume, of 828,642 shares, the short-interest ratio is presently 9.8 days. Approximately 9.1% of the shares of the company are sold short.
GLPI has been the subject of a number of recent research reports. Analysts at Citigroup Inc. raised their price target on shares of Gaming and Leisure Properties from $40.00 to $43.00 in a research note on Wednesday, May 14th. They now have an “outperform” rating on the stock. Separately, analysts at Credit Suisse upgraded shares of Gaming and Leisure Properties from a “neutral” rating to an “outperform” rating in a research note on Wednesday, May 14th. Finally, analysts at Morgan Stanley cut their price target on shares of Gaming and Leisure Properties from $37.00 to $36.00 in a research note on Friday, May 2nd. They now have an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $44.11.
Gaming and Leisure Properties (NASDAQ:GLPI) opened at 34.89 on Monday. Gaming and Leisure Properties has a 1-year low of $33.56 and a 1-year high of $53.50. The stock’s 50-day moving average is $36.24 and its 200-day moving average is $40.48. The company has a market cap of $3.912 billion and a price-to-earnings ratio of 66.06.
Gaming and Leisure Properties (NASDAQ:GLPI) last released its earnings data on Wednesday, April 30th. The company reported $0.65 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.71 by $0.06. Analysts expect that Gaming and Leisure Properties will post $2.58 EPS for the current fiscal year.
Gaming and Leisure Properties, Inc (NASDAQ:GLPI) is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements.
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