Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) ranks among the best real estate stocks to invest in. JMP Securities reaffirmed its Market Outperform rating and $55 price target for Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) on September 17, highlighting the company’s robust forward commitment pipeline and cautious balance sheet management.
Bally’s recently announced a credit facility adjustment, which the firm noted had opened the door for an expected sale-leaseback deal with Gaming and Leisure Properties, Inc.. Bally’s expansion plans and leverage reduction could be partially funded by this deal, which would also enable GLPI to acquire another high-quality asset with a dependable tenant.
JMP Securities noted that GLPI’s portfolio continues to perform well, with long-term, resilient, cycle-tested cash flows, and that its low-leveraged balance sheet offers significant room for future expansion.
Gaming and Leisure Properties, Inc. is a real estate investment trust that focuses on purchasing, financing, and owning real estate properties leased to gambling operators.
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This article is originally published at Insider Monkey.
