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E. Scott Urdang, a director at Gaming & Leisure Properties , Inc. (NASDAQ:GLPI), recently sold 5,000 shares of the company’s common stock. The transaction, dated February 25, 2025, was executed at a price of $49.72 per share, amounting to a total value of approximately $248,600.
Following this sale, Urdang retains ownership of 145,953 shares in the real estate investment trust. The transaction was reported in a Form 4 filed with the Securities and Exchange Commission on February 26, 2025.
In other recent news, Gaming & Leisure Properties reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share of $0.79, compared to the forecasted $0.73. However, the company’s revenue slightly missed expectations, coming in at $389.6 million against a forecast of $391.56 million. Despite this revenue miss, the company plans significant development funding of $400 million in 2025, with a focus on tribal gaming opportunities and sale-leaseback transactions. Furthermore, Gaming & Leisure Properties intends to redeem an $850 million bond on March 3, 2025. In analyst updates, JMP Securities maintained a Market Outperform rating for the company, with a price target of $55.00, highlighting the company’s strong financial foundation and potential growth opportunities. The company’s management has also outlined several loan and development commitments that are anticipated to provide a consistent revenue stream. These recent developments suggest that Gaming & Leisure Properties is strategically positioning itself for future growth, leveraging its strong relationships and track record in the gaming real estate sector.
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