Stifel Nicolaus analyst Steven Wieczynski reiterated a Hold rating on Gaming and Leisure (NASDAQ: GLPI) yesterday and set a price target of $40. The company’s shares opened today at $35.28.
According to TipRanks.com, Wieczynski is a 5-star analyst with an average return of 19.8% and a 71.1% success rate. Wieczynski covers the Services sector, focusing on stocks such as Norwegian Cruise Line, 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 $41.25, a 16.9% upside from current levels. In a report issued on July 24, Susquehanna also reiterated a Hold rating on the stock with a $39 price target.
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The company has a one-year high of $39.32 and a one-year low of $32.51. Currently, Gaming and Leisure has an average volume of 1.23M.
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.
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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.
