Deutsche Bank analyst Carlo Santarelli maintained a Buy rating on Gaming and Leisure (NASDAQ: GLPI) today and set a price target of $42. The company’s shares closed yesterday at $34.28.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 12.0% and a 66.3% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Marriott International, and Pinnacle Entertainment.
Currently, the analyst consensus on Gaming and Leisure is a Moderate Buy with an average price target of $41.
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Based on Gaming and Leisure’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $91.87 million. In comparison, last year the company had a net profit of $96.18 million.
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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.
