BofA analyst Shaun Kelley double upgraded Gaming and Leisure Properties to Buy from Underperform with a $47 price target. The analyst, who repositioned his Lodging sector view, believes Gaming real estate investment trusts are attractive in a low interest rate environment. Gaming REITs are a "partially underappreciated" sub-sector within REITs broadly, Kelley tells investors in a research note. He believes Gaming and Leisure should benefit from its "strong" 6.5% dividend yield, investment grade balance sheet, and improving investor comfort with management and the asset class.