Shares of Golden Entertainment (NASDAQ: GDEN) could be galvanized this year if the casino operator decides to sell some or all of its real estate holdings. Golden Entertainment’s corporate logo. The company could explore real estate sales this year, said an analyst. (Image: PR Newswire) That’s the view of Deutsche Bank analyst Carlo Santarelli, who in a recent report, noted that if Golden were to monetize its property assets, based on current prices, such transactions could drive the stock to $40. It currently trades around $32, below Deutsche Bank’s price target of $36. Santarelli acknowledged that gaming real estate investment trusts (REITs) want to acquire Las Vegas assets, but executing deals is easier said than done at the moment. Should this change, we believe Golden would be open to a real estate sale in conjunction with something further and strategic in nature related to the remaining OpCo,” observed Santarelli. “In the absence of a real estate transaction, we believe something… Read More
Category: Financial, Las Vegas, Mergers and Acquisitions, Rumors, mergers and acquisitions, rumors
Source: Casino.org
