VICI - Gaming and Leisure Properties stock snags Buy rating from Mizuho

Mizuho Securities USA analyst Haendel St. Juste starts coverage of Gaming and Leisure Properties (GLPI) with a Buy recommendation, seeing the gaming REIT and its peers as "winners in the recovery of the U.S. economy as consumer spending and gaming revenues recover/grow."Sets price target at $47.Says GLPI is the most diversified of the three gaming REITs "with strong underlying tenant credit and structural lease enhancements (i.e., master leases), resulting in a lower-risk platform that we believe is under-appreciated by the market and has been key to GLPI’s (and peers') streak of 100% rent collections since GLPI’s inception"; the other gaming REITs are Vici Properties (VICI) and MGM Growth (MGP).Risks include online betting, lower rent increases, and extensive regulation.St. Juste's rating is more optimistic than the Neutral Quant rating and compares with the Very Bullish average Wall Street analyst rating (11 Very Bullish, 3 Bullish, 2 Neutral).

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Gaming and Leisure Properties stock snags Buy rating from Mizuho