Short Interest in Gaming and Leisure Properties Declines By 8.0% (GLPI)
Gaming and Leisure Properties (NASDAQ:GLPI) was the recipient of a significant decrease in short interest during the month of July. As of July 31st, there was short interest totalling 13,321,779 shares, a decrease of 8.0% from the July 15th total of 14,477,808 shares, AR Network reports. Based on an average daily trading volume, of 1,012,705 shares, the days-to-cover ratio is currently 13.2 days. Currently, 14.9% of the company’s stock are sold short.
A number of research firms have recently commented on GLPI. Analysts at Zacks upgraded shares of Gaming and Leisure Properties from an “underperform” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $35.30 price target on the stock. Separately, analysts at Telsey Advisory Group cut their price target on shares of Gaming and Leisure Properties from $41.00 to $38.00 in a research note on Tuesday, July 29th. They now have a “not rated” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “positive” rating on shares of Gaming and Leisure Properties in a research note on Tuesday, July 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $42.72.
Shares of Gaming and Leisure Properties (NASDAQ:GLPI) opened at 33.52 on Wednesday. Gaming and Leisure Properties has a 1-year low of $32.18 and a 1-year high of $53.50. The stock’s 50-day moving average is $34.49 and its 200-day moving average is $35.51. The company has a market cap of $3.766 billion and a P/E ratio of 37.75.
Gaming and Leisure Properties (NASDAQ:GLPI) last announced its earnings results on Tuesday, July 29th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.01. The company had revenue of $160.80 million for the quarter, compared to the consensus estimate of $161.53 million. The company’s revenue for the quarter was up 44.9% on a year-over-year basis. On average, analysts predict that Gaming and Leisure Properties will post $2.56 earnings per share 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.