In a report released yesterday, Carlo Santarelli from Deutsche Bank maintained a Buy rating on Gaming and Leisure (GLPI), with a price target of $45.00. The company’s shares closed last Monday at $38.47.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 8.2% and a 60.9% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings Inc, and Marriott International.
Currently, the analyst consensus on Gaming and Leisure is a Strong Buy with an average price target of $44.00.
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Gaming and Leisure’s market cap is currently $8.26B and has a P/E ratio of 24.64. The company has a Price to Book ratio of 3.83.
Based on the recent corporate insider activity of 37 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. 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.
