Actionable news
0
All posts from Actionable news
Actionable news in BYD: BOYD GAMING CORPORATION,

Land and Buildings Sees Significant Value in a Boyd Gaming REIT

STAMFORD, Conn., Apr 25, 2016 (BUSINESS WIRE) -- Today Jonathan Litt, CIO and Founder of Land and Buildings Investment Management, LLC ("Land and Buildings"), a shareholder of Boyd Gaming Corporation BYD, -4.30% (“BYD” or the "Company”) issued the following statement to the shareholders of BYD:

“The successful IPO of MGM Growth Properties MGP, +1.10% last week and strong valuation of both MGP and Gaming and Leisure Properties GLPI, -0.59% at 14x and 13x 2017 EBITDA, respectively, paves the way for a Boyd REIT. Boyd closed Friday, April 22, 2016 at $20.03 per share, or an 8x 2017 EBITDA multiple, suggesting 60% upside in the shares should they...


More