Gaming and Leisure (GLPI) Receives a Buy from Deutsche Bank
In a report issued on August 8, Carlo Santarelli from Deutsche Bank maintained a Buy rating on Gaming and Leisure (GLPI), with a price target of $45. The company’s shares closed on Friday at $37.73.
According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 7.4% and a 57.2% success rate. Santarelli covers the Services sector, focusing on stocks such as International Game Technology, Hilton Worldwide Holdings Inc, and Marriott International.
Gaming and Leisure has an analyst consensus of Strong Buy, with a price target consensus of $44, which is a 16.6% upside from current levels. In a report issued on July 29, Scotiabank also initiated coverage with a Buy rating on the stock with a $42 price target.
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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 $93.03 million. In comparison, last year the company had a net profit of $91.87 million.
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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.