Gaming and Leisure (GLPI) is a Safe Haven - CapitalOne

CapitalOne analyst Neil Malkin reiterated an Overweight rating and $54.00 price target on Gaming and Leisure (NASDAQ: GLPI) on the belief that the company's regional, limited license-focused portfolio is insulated from economic uncertainty.

The analyst stated "Year-to-date, the RMZ/VNQ indices are down ~14%, while the gaming REITs are slightly positive for the year, despite an inflationary/rising rate environment. This is the market validating the resiliency of gaming RE cash flows over tumultuous times (COVID, GFC). We view GLPI's limited license state-centric portfolio as particularly insulated from any economic downturn."

For an analyst ratings summary and ratings history on Gaming and Leisure click here. For more ratings news on Gaming and Leisure click here.

Shares of Gaming and Leisure closed at $47.64 yesterday.

You May Also Be Interested In

• Gaming and Leisure Properties (GLPI) Appoints Debra Martin Chase to Board of Directors
• BOK Financial (BOKF) PT Raised to $100 at Keefe, Bruyette & Woods
• META to capture largest share of users, SNAP to benefit from ad budget shifts - Canaccord Genuity weighs in on TikTok ban