Deutsche Bank analyst Carlo Santarelli maintained a Buy rating on Gaming and Leisure (GLPI) on February 13 and set a price target of $42. The company’s shares closed on Friday at $37.19, close to its 52-week high of $38.28.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 9.4% and a 63.5% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Penn National Gaming, and Red Rock Resorts Inc.
Currently, the analyst consensus on Gaming and Leisure is a Moderate Buy with an average price target of $41.75, implying a 12.3% upside from current levels. In a report issued on February 13, J.P. Morgan also maintained a Buy rating on the stock with a $42 price target.
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The company has a one-year high of $38.28 and a one-year low of $31.19. Currently, Gaming and Leisure has an average volume of 1.45M.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GLPI in relation to earlier this year.
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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.
