Penn Injection Means Revaluation For Gaming And Leisure Properties [Seeking Alpha]
Gaming and Leisure Properties, Inc. (GLPI)
Last gaming and leisure properties, inc. earnings: 4/30 04:15 pm
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US:NASDAQ Investor Relations:
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Source: Seeking Alpha
SummaryIn our previous analysis, we proposed a $30 price target based on a conservative discount rate because of non-negligible default probabilities for Penn National Gaming.Due to Gaming and Leisure Properties' decision to finance prime tenant Penn National by buying its assets and the greater visibility we have on Gaming and Leisure Properties' future cash flows, it's worth reassessing the REIT's value.Furthermore, Penn National will stop paying its furloughed employees starting April 1st, meaning that sensitivity towards lower operating leverage assumptions should be more emphasized.Because of the support Gaming and Leisure Properties is giving to Penn National, default probabilities are substantially lower and the margin of safety at these prices is higher.We continue to see Gaming and Leisure Properties as a high-conviction buy.After a recent credit facility drawdown by Gaming and Leisure Properties (GLPIcash out prime tenant Penn National GamingPENNcease paying furloughed worke
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GLPI
News
- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $55.00 price target on the stock.MarketBeat
- Gaming and Leisure Properties, Inc. (NASDAQ: GLPI) is now covered by analysts at Barclays PLC. They set an "equal weight" rating and a $54.53 price target on the stock.MarketBeat
- Gaming and Leisure Properties Completes Previously Announced $395 Million Sale Leaseback Transaction with Bally's for Kansas City and Shreveport Properties [Yahoo! Finance]Yahoo! Finance
- Bally's Completes Previously Announced Sale Lease-Back of Bally's Kansas City and Bally's Shreveport to Gaming and Leisure Properties [Yahoo! Finance]Yahoo! Finance
- Gaming and Leisure Properties Completes Previously Announced $395 Million Sale Leaseback Transaction with Bally’s for Kansas City and Shreveport PropertiesGlobeNewswire
GLPI
Earnings
- 10/24/24 - Miss
GLPI
Sec Filings
- 12/10/24 - Form 4
- 12/4/24 - Form 8-K
- 11/21/24 - Form SCHEDULE
- GLPI's page on the SEC website