Gaming and Leisure Properties (GLPI) Receives Price Target

Gaming and Leisure Properties (GLPI) : The highest short term price target forecast on Gaming and Leisure Properties (GLPI) is $40 and the lowest target price is $32. A total of 7 equity analysts are currently covering the company. The average price of all the analysts is $36.71 with a standard deviation of $3.59.

Gaming and Leisure Properties (GLPI) has an average broker rating of 1.89, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.


Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on Gaming and Leisure Properties (NASDAQ:GLPI). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Deutsche Bank raises the price target from $38 per share to $40 per share. The rating by the firm was issued on August 10, 2016.

Gaming and Leisure Properties (NASDAQ:GLPI): The stock opened at $34.18 on Thursday but the bulls could not build on the opening and the stock topped out at $34.78 for the day. The stock traded down to $33.99 during the day, due to lack of any buying support eventually closed down at $34.17 with a loss of -0.12% for the day. The stock had closed at $34.21 on the previous day. The total traded volume was 896,233 shares.

Gaming and Leisure Properties, Inc. (GLPI) is a self-administered and self-managed real estate investment trust (REIT). The Company is engaged in the business of acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements. Triple net leases are leases, in which the lessee pays rent to the lessor, as well as all taxes, insurance, and maintenance expenses that arise from the use of the property. The Company operates in two segments: GLP Capital, L.P. (a wholly owned subsidiary of GLPI, through which GLPI owns all of its real estate assets) (GLP Capital) and the TRS Properties. The GLP Capital segment consists of the leased real property and represents the Companys business. The TRS Properties segment consists of Hollywood Casino Perryville and Hollywood Casino Baton Rouge.

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