Gaming and Leisure Properties (NASDAQ:GLPI) has climbed 2.23% in the past week and advanced 6.38% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 3.46% and the outperformance has advanced to 5.41% for the last 4 weeks period.
Gaming and Leisure Properties (NASDAQ:GLPI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $34.34 and $34.32 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.86. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.83, notching a gain of 1.49% for the day. The total traded volume was 3,412,868 . The stock had closed at $34.32 on the previous day.
The company shares have dropped -7.19% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $38.28 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $33.34 and the 200 Day Moving Average price is recorded at $29.50.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Sr VP-Chief Financial Officer) of Gaming & Leisure Properties, Inc., Clifford William J had sold 100,000 shares worth of $3,318,000 in a transaction dated June 1, 2016. In this transaction, 100,000 shares were sold at $33.18 per share.
Many analysts have stated their opinion on the company shares. SunTrust Robinson Humphrey initiates coverage on Gaming and Leisure Properties (NASDAQ:GLPI). The rating major has initiated the coverage with neutral rating on the shares. The rating by the firm was issued on April 8, 2016. Currently the company Insiders own 22.37% of Gaming and Leisure Properties shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -43.88% . Institutional Investors own 85.52% of Gaming and Leisure Properties shares. During last six month period, the net percent change held by insiders has seen a change of 2.69%.
Gaming and Leisure Properties, Inc. (GLPI) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements. Triple net leases are leases, in which the lessee pays rent to the lessor, as well as all taxes, insurance, and maintenance expenses that arise from the use of the property. The Company operates in two segments: GLP Capital, L.P. (a wholly owned subsidiary of GLPI, through which GLPI owns all of its real estate assets) (GLP Capital) and the TRS Properties. The GLP Capital segment consists of the leased real property and represents the Companys business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.