After UBS and Mizuho Securities gave Gaming and Leisure (NASDAQ: GLPI) a Buy rating last month, the company received another Buy, this time from Deutsche Bank. Analyst Carlo Santarelli maintained a Buy rating on Gaming and Leisure today and set a price target of $57.00. The company’s shares closed last Tuesday at $46.68.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 18.9% and a 55.2% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings, and Marriott International.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Gaming and Leisure with a $53.40 average price target, implying a 13.2% upside from current levels. In a report issued on June 24, Mizuho Securities also maintained a Buy rating on the stock with a $47.00 price target.
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Gaming and Leisure’s market cap is currently $11.56B and has a P/E ratio of 21.24.
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Gaming & Leisure Properties, Inc. is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements. It operates through the GLP Capital and TRS Properties segments. The GLP Capital segment consists of the leased real property and represents the majority of business. The TRS Properties segment includes Hollywood Casino Perryville and Hollywood Casino Baton Rouge. The company was founded on February 13, 2013 and is headquartered in Wyomissing, PA.
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