BrianAJackson/iStock through Getty Photos
Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) garnered a bullish initiation from JMP Securities on Friday because the analysts applaud the corporate’s development plan.
“Our constructive opinion relies on a number of components, together with sturdy earnings backed by long-term leases with publicly traded on line casino operators, its capacity to exhibit off-market transactions leveraging its shopper relationships and fame from administration, robust capital place with low leverage and ample liquidity, and compelling absolute and relative valuation.”
The workforce of analysts added that the corporate’s development plans stay in place and voiced confidence in administration given their “strong fame and robust operator relationships” which support in deal circulate. The corporate has a “stellar observe file for worth creation”, the analysts mentioned.
A $53 value goal was assigned to the inventory alongside the Purchase-equivalent score, suggesting about 20% upside for the inventory. Regardless of the optimistic initiation, shares fell 2.06% previous to Friday’s market open.
Learn extra on the analysts’ opinion of Boyd Gaming.
