Scotiabank analyst Greg McGinniss raised the firm’s price target on Gaming and Leisure Properties (GLPI) to $50 from $48 and keeps a Sector Perform rating on the shares. While the addressable market for gaming real estate in the U.S. is a sizable investment opportunity, the firm notes the cost of capital headwinds makes putting that capital to work through asset acquisition difficult, the analyst tells investors.
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Read More on GLPI:
- Gaming and Leisure Properties price target raised to $53 from $49 at Cantor Fitzgerald
- Gaming and Leisure Issues $800 Million Senior Notes Offering
- Gaming and Leisure Properties Maps Out AFFO-Fueled Growth
- Balanced View on GLPI: Strong AFFO Growth and Yield Offset by Rising Leverage, Execution Risk, and Fully Priced Valuation
- Gaming and Leisure Properties reports Q4 adjusted FFO 99c, consensus 98c
