Mizuho lowered the firm’s price target on Gaming and Leisure Properties to $47 from $50 and keeps a Neutral rating on the shares. The analyst believes the triple net real estate investment trust sector is one of the best risk-adjusted growth stories across all of REITs. The subsector has benefited from an improved cost of capital since last October, while interest rates have settled and cap rates have ticked up, the analyst tells investors in a research note. The firm updated models to reflect the Q4 earnings results and subsequent financing transaction activity.
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 – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on GLPI:
- Gaming and Leisure Properties sees FY24 AFFO $3.70-$3.74, consensus $3.75
- Gaming and Leisure Properties reports Q4 AFFO 93c, consensus 93c
- Gaming and Leisure Properties, Inc. Reports Record Fourth Quarter Results, Establishes 2024 Guidance and Announces 2024 First Quarter Dividend of $0.76 Per Share
- GLPI Earnings this Week: How Will it Perform?
- Gaming and Leisure Properties Acquires Real Estate Assets of Tioga Downs Casino Resort for $175 Million