Gaming and Leisure Properties Inc (GLPI) Short Interest Update

Gaming and Leisure Properties Inc (NASDAQ:GLPI) was the recipient of a significant increase in short interest during the month of April. As of April 30th, there was short interest totalling 3,801,610 shares, an increase of 34.0% from the April 15th total of 2,837,553 shares. Currently, 1.9% of the shares of the company are short sold. Based on an average trading volume of 1,245,058 shares, the days-to-cover ratio is currently 3.1 days.

NASDAQ GLPI opened at $40.01 on Friday. Gaming and Leisure Properties has a 12-month low of $31.19 and a 12-month high of $40.69. The company has a debt-to-equity ratio of 2.72, a quick ratio of 2.99 and a current ratio of 2.99. The company has a market capitalization of $8.59 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 0.94 and a beta of 0.56.

A number of research analysts have weighed in on GLPI shares. Stifel Nicolaus upgraded shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and boosted their target price for the company from $39.00 to $43.00 in a research note on Monday, April 15th. BidaskClub raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. Zacks Investment Research raised shares of Gaming and Leisure Properties from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Friday, January 25th. Deutsche Bank reissued a “buy” rating and issued a $47.00 price target on shares of Gaming and Leisure Properties in a research report on Sunday, May 12th. Finally, Credit Suisse Group reissued an “outperform” rating and issued a $41.00 price target on shares of Gaming and Leisure Properties in a research report on Wednesday, March 20th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $41.70.

In other Gaming and Leisure Properties news, CAO Desiree A. Burke sold 41,458 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $39.06, for a total value of $1,619,349.48. Following the transaction, the chief accounting officer now directly owns 119,264 shares in the company, valued at $4,658,451.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Matthew Demchyk bought 4,000 shares of the company’s stock in a transaction on Thursday, February 28th. The stock was bought at an average price of $36.50 per share, for a total transaction of $146,000.00. Following the completion of the purchase, the senior vice president now owns 37,500 shares of the company’s stock, valued at $1,368,750. The disclosure for this purchase can be found here. 5.88% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of GLPI. Advisory Services Network LLC grew its stake in Gaming and Leisure Properties by 175.9% in the 1st quarter. Advisory Services Network LLC now owns 5,407 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 3,447 shares in the last quarter. Vista Investment Management grew its stake in Gaming and Leisure Properties by 7.0% in the 1st quarter. Vista Investment Management now owns 13,956 shares of the real estate investment trust’s stock worth $538,000 after buying an additional 908 shares in the last quarter. BlueCrest Capital Management Ltd purchased a new position in Gaming and Leisure Properties in the 1st quarter worth approximately $1,185,000. HighTower Advisors LLC purchased a new position in Gaming and Leisure Properties in the 1st quarter worth approximately $248,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in Gaming and Leisure Properties by 14.7% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,142 shares of the real estate investment trust’s stock worth $647,000 after buying an additional 2,192 shares in the last quarter. 88.03% of the stock is currently owned by institutional investors.

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Gaming and Leisure Properties Company Profile

GLPI is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements, pursuant to which the tenant is responsible for all facility maintenance, insurance required in connection with the leased properties and the business conducted on the leased properties, taxes levied on or with respect to the leased properties and all utilities and other services necessary or appropriate for the leased properties and the business conducted on the leased properties.

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