RBC Capital Maintains Outperform Rating for Gaming and Leisure Props: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RBC Capital has maintained its Outperform rating for Gaming and Leisure Props (NASDAQ:GLPI) but lowered its price target from $50.00 to $49.00. GLPI's shares have risen 1.27% in the last 24 hours to $46.10. A move to $49.00 represents a 6.29% increase from the current price. GLPI is a REIT primarily leasing to subsidiaries of Penn National Gaming in the U.S., with most revenue from rental income.
February 29, 2024 | 5:00 pm
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RBC Capital maintains Outperform rating for GLPI, lowering price target from $50 to $49. Shares have increased 1.27% to $46.10, with potential for a 6.29% rise.
The maintenance of an Outperform rating by RBC Capital, despite a slight reduction in the price target, suggests a positive outlook on GLPI's stock. The recent share price increase and the potential for further gains based on the new price target indicate a bullish short-term impact. The detailed operational background of GLPI, including its leasing activities and revenue sources, supports the relevance and importance of this rating adjustment.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100