Gaming and Leisure, the Real Estate sector company, was revisited by a Wall Street analyst on October 31. Analyst Ronald Kamdem from Morgan Stanley maintained a Hold rating on the stock and has a $52.00 price target.
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Ronald Kamdem has given his Hold rating due to a combination of factors surrounding Gaming and Leisure Properties Inc. The company’s recent financial performance, including an AFFO beat and an upward revision in guidance for 2025, suggests a positive outlook. However, the net debt to EBITDA ratio has slightly increased, which may pose some concerns regarding financial leverage.
Additionally, while the company has engaged in several strategic transactions, such as providing financial support for casino license applications in New York, these ventures carry inherent risks. The company’s dividend yield remains attractive, but the overall market conditions and the pace of investment projects, like Bally’s Chicago, require cautious optimism. These elements combined lead to a Hold rating, indicating that while the stock has potential, there are factors that warrant a balanced approach.
In another report released on October 31, Scotiabank also maintained a Hold rating on the stock with a $50.00 price target.
GLPI’s price has also changed slightly for the past six months – from $47.860 to $44.660, which is a -6.69% drop .