BUZZ-J.P.Morgan resumes coverage on Gaming and Leisure Properties; shares up

Reuters
04-01
BUZZ-J.P.Morgan resumes coverage on Gaming and Leisure Properties; shares up

** Shares of Gaming and Leisure Properties GLPI.O up nearly 1% to $51 in afternoon trade

** J.P.Morgan resumes coverage GLPI with "neutral" rating and $54 PT

** "We are constructive on the prospects of net lease REITs playing a major role in the financing of experiential concepts, and GLPI is a leader in the regional gaming segment of this arena" - brokerage

** Brokerage sees co's regional gaming focus garnering attention in an environment where trends are becoming more mixed given supply in select markets and concerns around the consumer

** 15 of 24 brokerages rate the stock "buy" or higher, 8 "hold" and one "sell"; their median PT is $56 - LSEG data

** Including session moves, stock up 5.5% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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