Barclays has upgraded Gaming and Leisure Properties (NASDAQ: GLPI) from Equalweight to Overweight. This change comes as the REIT’s stock has been underperforming compared to its net lease peers.
Despite the stock lagging behind, earnings for GLPI are well positioned to beat consensus estimates. Year-to-date, GLPI’s stock has dipped 3% (as of Friday), in contrast to the performance of other net lease companies.
This upgrade reflects Barclays’ confidence in GLPI’s potential for stronger performance moving forward.
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