Mizuho analyst Haendel St. Juste lowered the firm’s price target on Gaming and Leisure Properties (GLPI) to $51 from $52 and keeps a Neutral rating on the shares as part of a broader research note. The firm is turning less constructive on Tripe Net REITs as expectations of higher inflation and a “higher for longer” rate environment should weigh on the sector’s investment spreads and growth potential, marking the end of the “pivot party”, the analyst tells investors in a research note.
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>>
Read More on GLPI:
- Gaming and Leisure Properties price target raised to $53.25 from $52.50 at Stifel
- Bet On It: DOJ supports lawsuit alleging price fixing at Las Vegas hotels
- Gaming and Leisure Properties reports Q3 AFFO 95c, consensus 94c
- Gaming and Leisure Properties backs FY24 AFFO view $3.74-$3.76, consensus $3.75
- Is GLPI a Buy, Before Earnings?