Short Interest in Gaming and Leisure Properties Grows By 40.3% (GLPI)
Shares of Gaming and Leisure Properties (NASDAQ:GLPI) were the recipient of a significant growth in short interest during the month of May. As of May 30th, there was short interest totalling 11,260,229 shares, a growth of 40.3% from the May 15th total of 8,025,239 shares, AmericanBankingNews.com reports. Approximately 12.6% of the shares of the company are short sold. Based on an average daily trading volume, of 903,549 shares, the days-to-cover ratio is presently 12.5 days.
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 investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the stock. Gaming and Leisure Properties presently has a consensus rating of “Hold” and a consensus price target of $44.11.
Shares of Gaming and Leisure Properties (NASDAQ:GLPI) opened at 32.94 on Friday. Gaming and Leisure Properties has a 52 week low of $32.70 and a 52 week high of $53.50. The stock’s 50-day moving average is $34.80 and its 200-day moving average is $38.93. The company has a market cap of $3.694 billion and a P/E ratio of 63.17.
Gaming and Leisure Properties (NASDAQ:GLPI) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by $0.06. Analysts expect that Gaming and Leisure Properties will post $2.53 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, June 27th. Investors of record on Thursday, June 12th will be given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 6.31%. The ex-dividend date of this dividend is Tuesday, June 10th.
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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