After Deutsche Bank and UBS gave Gaming and Leisure (NASDAQ: GLPI) a Buy rating last month, the company received another Buy, this time from Stifel Nicolaus. Analyst Simon Yarmak maintained a Buy rating on Gaming and Leisure yesterday and set a price target of $54.50. The company’s shares closed last Thursday at $45.86.
According to TipRanks.com, Yarmak is a 5-star analyst with an average return of 11.5% and a 58.0% success rate. Yarmak covers the Financial sector, focusing on stocks such as Essential Properties Realty, National Retail Properties, and Host Hotels & Resorts.
Currently, the analyst consensus on Gaming and Leisure is a Strong Buy with an average price target of $53.25, representing a 16.4% upside. In a report issued on June 24, Mizuho Securities also maintained a Buy rating on the stock with a $47.00 price target.
See today’s best-performing stocks on TipRanks >>
Based on Gaming and Leisure’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $315 million and net profit of $119 million. In comparison, last year the company earned revenue of $302 million and had a net profit of $127 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
Read More on GLPI:
