Gaming & leisure properties director sells $186,320 in stock

Published 16/06/2025, 14:32
Gaming & leisure properties director sells $186,320 in stock

In a recent transaction reported on June 13, E. Scott Urdang, a director at Gaming & Leisure Properties, Inc. (NASDAQ:GLPI), sold 4,000 shares of the company’s common stock. The shares were sold at a price of $46.58 each, amounting to a total transaction value of $186,320. Following this sale, Urdang retains ownership of 136,953 shares in the company. The stock currently offers a notable 6.75% dividend yield, and InvestingPro analysis shows a "GREAT" financial health score, with 5 additional exclusive ProTips available for subscribers.

In other recent news, Gaming and Leisure Properties, Inc. (GLPI) reported its first-quarter 2025 earnings, revealing a shortfall in earnings per share (EPS) compared to market forecasts. The company’s EPS stood at $0.60, missing the anticipated $0.73, and revenue came in slightly below expectations at $395.2 million against a forecast of $396.27 million. Despite the earnings miss, Stifel analysts reaffirmed their Buy rating for Gaming and Leisure Properties, maintaining a price target of $57.50, citing the company’s strategic investments and development plans as positive indicators for future growth. Additionally, Gaming and Leisure Properties announced an increase in its quarterly cash dividend to $0.78 per share for the second quarter of 2025, up from $0.76 per share in the previous quarter. This marks a 2.6% increase from the second quarter of 2024, reflecting the company’s ongoing commitment to providing returns to shareholders. The company continues to focus on strategic project developments, including the Chicago project and other assets, as part of its growth initiatives. Investors are reminded that forward-looking statements involve risks and uncertainties, and actual results may differ materially from expectations.

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