Scotiabank lowered the firm’s price target on Gaming and Leisure Properties (GLPI) to $49 from $50 and keeps a Sector Perform rating on the shares. The firm updates its analysis of Net Lease REIT equity raise requirements, investment spreads, and potential investment-driven annual adjusted funds from operation per share accretion, the analyst tells investors. Overall, the firm is positive on Q4 acquisitions/accretion, but cautious on 2025.
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