Holdings of Gaming and Leisure Properties Inc. (GLPI) are aligned with the stars

Gaming and Leisure Properties Inc. (NASDAQ: GLPI) stock fell -2.07% on Friday to $46.83 against a previous-day closing price of $47.82. With 1.55 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.85 million shares. During the session, the REIT – Specialty company that operates in wider Real Estate sector, reached to the highest price of $48.21 whereas the lowest price it dropped to was $46.81. The 52-week range on GLPI shows that it touched its highest point at $52.87 and its lowest point at $41.81 during that stretch. It currently has a 1-year price target of $55.51. With its current market cap of 11.72 billion, GLPI has annualized dividend of $2.82 while the current yield stands at 6.02%. Beta for the stock currently stands at 1.03.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GLPI was down-trending over the past week, with a drop of -3.70%, but this was down by -8.23% over a month. Three-month performance surged to 3.61% while six-month performance rose 4.00%. The stock gained 0.18% in the past year, while it has lost -3.76% so far this year. A look at the trailing 12-month EPS for GLPI yields 2.22 with Next year EPS estimates of 2.65. For the next quarter, that number is 0.61. This implies an EPS growth rate of -1.70% for this year and 14.52% for next year. EPS is expected to grow by 9.30% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 7.80%.

Float and Shares Shorts:

At present, 247.54 million GLPI shares are outstanding with a float of 244.00 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.28 million, which was 1.29% higher than short shares on Jun 14, 2022. In addition to Mr. Peter M. Carlino as the firm’s Chairman, Pres, Principal Financial Officer & CEO, Mr. Matthew J. Demchyk CFA serves as its Sr. VP & Chief Investment Officer.

Institutional Ownership:

Through their ownership of 87.97% of GLPI’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 61.01% of GLPI, in contrast to 28.97% held by mutual funds. Shares owned by individuals account for 26.73%. As the largest shareholder in GLPI with 13.18% of the stake, The Vanguard Group, Inc. holds 33,824,400 shares worth 33,824,400. A second-largest stockholder of GLPI, Capital Research & Management Co, holds 18,830,613 shares, controlling over 7.34% of the firm’s shares. Capital Research & Management Co is the third largest shareholder in GLPI, holding 13,757,217 shares or 5.36% stake. With a 4.41% stake in GLPI, the American Funds Income Fund of Ame is the largest stakeholder. A total of 11,304,134 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.20% of GLPI stock, is the second-largest Mutual Fund holder. It holds 10,786,938 shares valued at 520.69 million. Capital Income Builder holds 3.43% of the stake in GLPI, owning 8,788,793 shares worth 424.24 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2022, GLPI reported revenue of $326.51M and operating income of $240.40M. Over the past year, revenue came in at $1.24B while operating income stood at $866.44M. It generated $151.31M net income for the quarter, which came to $539.23M over the last twelve months. The EBITDA in the recently reported quarter was $303.75M and diluted EPS was $0.61. EBITDA for the full year was $1.11B.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GLPI since 20 analysts follow the stock currently. There are 15 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 3 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GLPI analysts setting a high price target of $62.00 and a low target of $48.00, the average target price over the next 12 months is $55.24. Based on these targets, GLPI could surge 32.39% to reach the target high and rise by 2.5% to reach the target low. Reaching the average price target will result in a growth of 17.96% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. GLPI will report FY 2022 earnings on 02/16/2023. Analysts have provided yearly estimates in a range of $2.44 being high and $2.26 being low. For GLPI, this leads to a yearly average estimate of $2.33. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Gaming and Leisure Properties Inc. surprised analysts by -$0.03 when it reported $0.61 EPS against a consensus estimate of $0.64. The surprise factor in the prior quarter was -$0.11. Based on analyst estimates, the high estimate for the next quarter is $0.65 and the low estimate is $0.58. The average estimate for the next quarter is thus $0.61.

Dividends & Yield:

In terms of dividends, GLPI has a current ratio of $2.82, which is $2.82 over the trailing 12-months, while a dividend of $2.60 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and GLPI currently yields $5.92. In the past year, GLPI’s dividend yield has been $5.92, but when looking at the stock over the past five years, its yield has been $6.60.

Summary of Insider Activity:

Insiders traded GLPI stock several times over the past three months with 0 Buys and 3 Sells. In these transactions, 0 shares were bought while 6,000 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 39 over the past year. The total number of shares bought during that period was 634,438 while 825,908 shares were sold.

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