Is Gaming and Leisure Properties (GLPI) Undervalued After Recent Share Price Rebound?

Gaming and Leisure Properties (GLPI) has quietly lagged the market this year, even as revenue and net income keep growing at a mid single digit clip. That disconnect is what makes the stock interesting right now.

See our latest analysis for Gaming and Leisure Properties.

The recent uptick, including a 3.45% 1 day share price return to $43.49, has barely dented this year’s weak momentum, with the year to date share price return still negative and the 1 year total shareholder return down modestly.

If GLPI’s muted momentum has you reassessing your watchlist, this could be a good moment to search beyond REITs and uncover fast growing stocks with high insider ownership.

So with earnings still growing, the share price trailing the broader market, and analysts seeing upside from here, is Gaming and Leisure Properties quietly undervalued, or is the market already pricing in its next leg of growth?

Most Popular Narrative: 19.6% Undervalued

With Gaming and Leisure Properties last closing at $43.49 against a narrative fair value of about $54, the current gap in expectations is striking.

The ongoing development and deployment of significant investment capital into marquee projects such as the Chicago Bally's, The Belle conversion, and continued land-based upgrades should meaningfully boost long-term rental revenue streams and underlying tenant health, ultimately driving steady funds from operations and net income growth.

Read the complete narrative.

Curious how steady rent checks, richer margins, and a higher future earnings multiple combine to support that higher value? The full narrative lays out the playbook.

Result: Fair Value of $54.07 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, this upside depends on Bally's avoiding deeper financial strain and on digital gaming not eroding demand for GLPI's brick and mortar casinos.

Find out about the key risks to this Gaming and Leisure Properties narrative.

Build Your Own Gaming and Leisure Properties Narrative

If you see the story differently or want to dig into the numbers yourself, you can shape a custom view in minutes: Do it your way.

A great starting point for your Gaming and Leisure Properties research is our analysis highlighting 4 key rewards and 2 important warning signs that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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