5 Most Undervalued REIT Stocks To Buy According To Analysts

3. Gaming and Leisure Properties, Inc. (NASDAQ:GLPI)

Number of Hedge Fund Holders: 22

Average Upside Potential: 16.3%

PE Ratio as of March 5: 16.24

Average Analyst Price Target: $53.46

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ranks 3rd on our list of the most undervalued stocks in the REIT space. The company is involved in acquiring, financing, and owning real estate properties for lease to gaming operators. On February 28, Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) declared a $0.76 per share quarterly dividend, a 4.1% increase from its prior dividend of $0.73. The dividend is payable on March 29, to shareholders on record as of March 15. 

According to Insider Monkey’s fourth quarter database, 22 hedge funds were bullish on Gaming and Leisure Properties, Inc. (NASDAQ:GLPI), compared to 17 funds in the last quarter. Ken Griffin’s Citadel Investment Group is the biggest stakeholder of the company, with 3.91 million shares worth $193 million. 

Baron Real Estate Fund made the following comment about Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) in its first quarter 2023 investor letter:

“In the most recent quarter, we significantly reduced our investments in the following companies due to expectations of near-term business headwinds and modest growth prospects, elevated valuations, and our view of superior investment opportunities for other real estate-related companies:

Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) is a triple net REIT that owns a portfolio of 59 geographically diversified casino gaming and related facilities in the U.S.”

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