Mizuho analyst Haendel St. Juste raised the firm’s price target on Gaming and Leisure Properties to $55 from $50 and keeps a Buy rating on the shares. The expects the macro challenges to persist for the triple net real estate investment trusts, along with growing recession risk. This "will increase the need for incremental selectivity," St. Juste tells investors in a research note. He favors triple net REITs with "defensive tenancy, low leverage, and pre-funded capital."
Published first on TheFly
See the top stocks recommended by analysts >>
Read More on GLPI:
- Catch These 3 Analysts’ Favorite Stocks Before Their Ex-Dividend Dates
- Gaming and Leisure Properties, Inc. Declares Fourth Quarter 2022 Cash Dividend of $0.705 Per Share
- Gaming and Leisure Properties Promotes Proven Gaming and Gaming REIT Industry Veterans to New Executive Leadership Positions
- Gaming & Leisure Properties and PENN Entertainment Agree to New Master Lease Terms and Development Funding
