Truist analyst sees improving deal prospects for gaming REITs
Truist Securities analyst Barry Jonas said in an investor note that the outlook for casino-focused real estate investment trusts was improving. He cited Gaming & Leisure Properties’ $105 million acquisition of three rural casinos and Vici Properties’ $1 billion in upgrades at the Venetian and Palazzo, while maintaining Buy ratings and price targets of $59 and $40 respectively.
The analyst’s views and cited transactions offer investors an assessment of activity and valuations among gaming property trusts.