It Seems Gaming and Leisure Properties Inc (GLPI) Will Go Up. Formed A Few Months Bullish Double Top Chart Pattern

September 17, 2017 - By Maria Brooks

Investors sentiment increased to 1.23 in 2016 Q4. Its up 0.12, from 1.11 in 2016Q3. It improved, as 36 investors sold Gaming and Leisure Properties Inc shares while 78 reduced holdings. 43 funds opened positions while 97 raised stakes. 181.76 million shares or 1.04% less from 183.68 million shares in 2016Q3 were reported.
Apriem Advsrs reported 0% stake. Vanguard Gp Inc holds 0.05% of its portfolio in Gaming and Leisure Properties Inc (NASDAQ:GLPI) for 30.19M shares. Paloma Ptnrs Mgmt Commerce invested in 0.01% or 24,570 shares. Huntington Retail Bank invested 0% of its portfolio in Gaming and Leisure Properties Inc (NASDAQ:GLPI). Echo Street Cap Mgmt Llc stated it has 729,813 shares. Amp holds 32,116 shares or 0.01% of its portfolio. 230,246 were accumulated by State Board Of Administration Of Florida Retirement Sys. Frontier Inv Co holds 0.75% or 258,053 shares. Schroder Inv Mgmt Group Inc holds 0% or 54,531 shares in its portfolio. Cap Rech holds 0.12% of its portfolio in Gaming and Leisure Properties Inc (NASDAQ:GLPI) for 11.84M shares. Bnp Paribas Arbitrage Sa holds 0% or 32,138 shares. Century Cos owns 13,337 shares. Allianz Asset Mngmt Ag reported 73,965 shares. Peak6 Invests Limited Partnership owns 105,965 shares or 0.02% of their US portfolio. Teachers Insurance And Annuity Association Of America owns 369,779 shares.

Since June 16, 2017, it had 1 buy, and 0 insider sales for $364,400 activity.

The chart of Gaming and Leisure Properties Inc (GLPI) shows a double top with $39.50 target or 5.00 % above today’s $37.62 share price. The 6 months chart pattern indicates low risk for the $7.99B company. It was reported on Sep, 17 by Finviz.com. If the $39.50 price target is reached, the company will be worth $399.50M more. Double tops are rare but powerful chart patterns.

The stock increased 0.08% or $0.03 on September 15, reaching $37.62. About 1.29M shares traded or 47.21% up from the average. Gaming and Leisure Properties Inc (NASDAQ:GLPI) has risen 10.92% since September 17, 2016 and is uptrending. It has underperformed by 5.78% the S&P500.

Analysts await Gaming and Leisure Properties Inc (NASDAQ:GLPI) to report earnings on November, 14. They expect $0.77 earnings per share, 0.00 % or $0.00 from last year’s $0.77 per share. GLPI’s profit will be $163.54M for 12.21 P/E if the $0.77 EPS becomes a reality. After $0.78 actual earnings per share reported by Gaming and Leisure Properties Inc for the previous quarter, Wall Street now forecasts -1.28 % negative EPS growth.

Gaming and Leisure Properties Inc (NASDAQ:GLPI) Ratings Coverage

Among 10 analysts covering Gaming and Leisure Properties (NASDAQ:GLPI), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. Gaming and Leisure Properties had 17 analyst reports since August 4, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Overweight” rating and $44 target in Wednesday, August 16 report. Stifel Nicolaus maintained Gaming and Leisure Properties Inc (NASDAQ:GLPI) on Thursday, July 27 with “Hold” rating. On Tuesday, November 22 the stock rating was initiated by Buckingham Research with “Neutral”. The rating was initiated by JMP Securities with “Mkt Outperform” on Tuesday, December 15. The stock of Gaming and Leisure Properties Inc (NASDAQ:GLPI) earned “Buy” rating by Deutsche Bank on Wednesday, August 10. Morgan Stanley upgraded Gaming and Leisure Properties Inc (NASDAQ:GLPI) on Wednesday, September 7 to “Overweight” rating. The firm has “Buy” rating given on Friday, July 28 by Ladenburg. On Tuesday, December 13 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. Ladenburg initiated Gaming and Leisure Properties Inc (NASDAQ:GLPI) rating on Friday, June 2. Ladenburg has “Buy” rating and $4100 target. The firm earned “Equal-Weight” rating on Friday, April 1 by Morgan Stanley.

Another recent and important Gaming and Leisure Properties Inc (NASDAQ:GLPI) news was published by Globenewswire.com which published an article titled: “Gaming and Leisure Properties, Inc. Announces Second Quarter 2017 Results” on July 27, 2017.

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