week’s trade comes from the real estate sector of NASDAQ, sub section of specialty REITs. As the US government shutdown is drawing to a close, the market is quickly swinging back to discretionary strength. The trade this week is a good example of that returning power. The highlights of stock are a reasonable multiple (20.23), a great dividend yield (7.02%), new 52-week high and a high ROE (15.95%).
Trailing P/E: 20.23, Forward P/E: 16.28%
PEG: 1.46, Beta: 0.71
P/S: 7.86%, P/B: 3.31
Profit margin: 38.95%, Operating margin: 62.44%
ROA: 4.96%, ROE: 15.95%
Qrtly earnings growth: 8.00%, Dividend yield: 7.02%
Additional fundamental data: https://finance.yahoo.com/quote/GLPI/key-statistics?p=GLPI
Recently broke out of an 19-month consolidation
New 52-week high, New 5-year high
Buying momentum (RSI) is positive and rising
Buying volume is neutral
1st support level is at $35.50, Safety stop is at $34.45
The target is $41.75
Suggested buying approach: Buy at the current price level. Should GLPI pullback, wait for confirmation of support and then add to the position. Always use a 3% trailing stop.
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