Deutsche Bank Believes Gaming and Leisure (NASDAQ: GLPI) Still Has Room to Grow

By Ryan Adsit

Deutsche Bank analyst Carlo Santarelli reiterated a Buy rating on Gaming and Leisure (NASDAQ: GLPI) on July 28 and set a price target of $41. The company’s shares closed on Friday at $37.65, close to its 52-week high of $38.89.

According to TipRanks.com, Santarelli is a 5-star analyst with an average return of 10.4% and a 72.3% success rate. Santarelli covers the Services sector, focusing on stocks such as Melco Resorts & Entertainment Limited, International Game Technology, and Marriott International.

Currently, the analyst consensus on Gaming and Leisure is Moderate Buy and the average price target is $40, representing a 6.2% upside.

In a report issued on July 28, Ladenburg also reiterated a Buy rating on the stock.

Gaming and Leisure’s market cap is currently $7.84B and has a P/E ratio of 21.15. The company has a book value ratio of 3.2552.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of GLPI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Gaming & Leisure Properties, Inc. operates as a self-administered, self-managed real estate investment trust. It engages in the property business, which consists of acquiring, financing, and owning real estate property to be leased to gaming operators in triple net lease arrangements.