Is Gaming and Leisure Properties (GLPI) Stock a Buy For 2021

Is Gaming and Leisure Properties (GLPI) Stock a Buy For 2021?


Is Gaming and Leisure Properties (GLPI) Stock a Buy For 2021?
Clark Street Value sold its position in Gaming & Leisure Properties Inc. (NASDAQ:GLPI) stock. Clark Street Value is an individual investor that is focused on finding value and special situation investments. Gaming & Leisure Properties Inc. (NASDAQ:GLPI) owns and leases casinos and other entertainment facilities. In the last one year, Gaming & Leisure Properties Inc. (NASDAQ:GLPI) stock lost 5.4% and on January 5th it had a closing price of $41.06.
Clark Street Value said that GLPI’s primary tenant is Penn National Gaming Inc (NASDAQ:PENN). Clark Street Value added, “PENN’s stock as 20x since the bottom and presumably has unlimited access to capital right now thanks to Barstool Sports and the online sports gambling theme.” The investor also said that Gaming & Leisure Properties Inc. (NASDAQ:GLPI) could reinstate a cash dividend and the stock could surge to mid-to-high $40s.

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