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.
Gaming and Leisure Properties (GLPI) : 7 investment research analysts covering Gaming and Leisure Properties (GLPI) have an average price target of $36.71 for the near short term. The highest target price given by the Brokerage Firm to the stock is $40 and the lowest target is $32 for the short term. Analysts expect the variance to be within $3.59 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of Gaming and Leisure Properties (NASDAQ:GLPI). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $40 per share from a prior target of $38. The rating by the firm was issued on August 10, 2016.
Gaming and Leisure Properties (NASDAQ:GLPI): The stock opened at $35.2 and touched an intraday high of $35.2 on Wednesday. During the day, the stock corrected to an intraday low of $34.54, however, the bulls stepped in and pushed the price higher to close in the green at $34.76 with a gain of 0.40% for the day. The total traded volume for the day was 2,022,073. The stock had closed at $34.62 in the previous trading session.
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.