Gaming and Leisure (GLPI) Gets a Buy Rating from SunTrust Robinson


In a report released yesterday, Patrick Scholes from SunTrust Robinson reiterated a Buy rating on Gaming and Leisure (NASDAQ: GLPI), with a price target of $39. The company’s shares opened today at $35.03.

According to TipRanks.com, Scholes is a 5-star analyst with an average return of 15.1% and a 67.3% success rate. Scholes covers the Services sector, focusing on stocks such as Wyndham Destinations Inc, Marriott International, and Eldorado Resorts.

Currently, the analyst consensus on Gaming and Leisure is a Moderate Buy with an average price target of $40.83, implying a 16.6% upside from current levels. In a report issued on August 13, Credit Suisse also initiated coverage with a Buy rating on the stock with a $41 price target.

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Gaming and Leisure’s market cap is currently $7.49B and has a P/E ratio of 19.90. The company has a Price to Book ratio of 3.15.

Based on the recent corporate insider activity of 35 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.

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. engages 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.

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