Time to Buy Gaming and Leisure Properties Inc (GLPI) After The Completion of This Double Top Pattern?

September 17, 2017 - By Migdalia James

Investors sentiment increased to 1.23 in Q4 2016. Its up 0.12, from 1.11 in 2016Q3. It increased, 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.
Alyeska Invest Grp Limited Partnership holds 0.22% or 817,013 shares. Creative Planning has 1,548 shares for 0% of their portfolio. Wells Fargo Communications Mn holds 142,561 shares or 0% of its portfolio. Lpl Fincl Lc holds 13,559 shares or 0% of its portfolio. Hap Trading Limited Liability Corp reported 0.18% of its portfolio in Gaming and Leisure Properties Inc (NASDAQ:GLPI). Principal Fincl Group Incorporated has invested 0% in Gaming and Leisure Properties Inc (NASDAQ:GLPI). Quinn Opportunity Prtn Limited Com, New York-based fund reported 345,867 shares. Nj State Employees Deferred Compensation Plan holds 0.23% or 38,250 shares. Macquarie Group Limited accumulated 73,100 shares or 0% of the stock. Moreover, Natl Bank Of Montreal Can has 0% invested in Gaming and Leisure Properties Inc (NASDAQ:GLPI). Glob X Management Ltd Liability Corp has 0.4% invested in Gaming and Leisure Properties Inc (NASDAQ:GLPI). Nationwide Fund Advsr, a Pennsylvania-based fund reported 349,230 shares. Teacher Retirement Of Texas reported 15,579 shares. Meeder Asset Management invested in 0.3% or 101,429 shares. Goldman Sachs owns 4.38 million shares.

Since June 16, 2017, it had 1 buy, and 0 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 1.29 million 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.

Wall Street await Gaming and Leisure Properties Inc (NASDAQ:GLPI) to release earnings on November, 14. Analysts forecast EPS of $0.77, exactly $0.00 or 0.00 % from 2014’s $0.77 EPS. The expected GLPI’s profit could reach $163.54M giving the stock 12.21 P/E in the case that $0.77 earnings per share is reported. After posting $0.78 EPS for the previous quarter, Gaming and Leisure Properties Inc’s analysts now forecast -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. The company was upgraded on Wednesday, September 7 by Morgan Stanley. The firm has “Buy” rating by Deutsche Bank given on Wednesday, December 7. On Tuesday, December 13 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The rating was maintained by Ladenburg on Friday, July 28 with “Buy”. The stock has “Mkt Outperform” rating by JMP Securities on Tuesday, December 15. Bank of America downgraded Gaming and Leisure Properties Inc (NASDAQ:GLPI) on Thursday, December 15 to “Underperform” rating. As per Friday, June 2, the company rating was initiated by Ladenburg. On Friday, July 28 the stock rating was maintained by Deutsche Bank with “Buy”. On Tuesday, August 4 the stock rating was downgraded by Zacks to “Buy”. Stifel Nicolaus maintained Gaming and Leisure Properties Inc (NASDAQ:GLPI) rating on Thursday, July 27. Stifel Nicolaus has “Hold” rating and $3900 target.

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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