KeyBanc downgraded Gaming and Leisure Properties to Sector Weight from Overweight. The firm said the stock has achieved its prior $54 price target, adding that shares notably appear fairly valued at a 6.3% implied cap rate. KeyBanc expects steady execution across the portfolio and balance sheet in the year ahead.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on GLPI:
- Gaming and Leisure Properties sees FY23 AFFO $3.61-$3.67, consensus $3.71
- Gaming and Leisure Properties reports Q4 AFFO 89c, consensus 89c
- Gaming and Leisure Properties, Inc. Reports Record Fourth Quarter Results, Establishes 2023 Guidance and Announces 2023 First Quarter Dividend of $0.72 per Share and Special Dividend of $0.25 per Share
- Gaming and Leisure Properties, Inc. Schedules Fourth Quarter 2022 Earnings Release and Conference Call
- Gaming and Leisure Properties Inc. Announces 2022 Distribution Tax Treatment