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E. Scott Urdang, a director at Gaming & Leisure Properties, Inc. (NASDAQ:GLPI), recently sold a significant portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Urdang sold 5,000 shares of common stock. The shares were sold at an average price of $50.89, resulting in a total transaction value of approximately $254,450.
Following this sale, Urdang retains ownership of 140,953 shares in the company. The shares were sold in multiple transactions at prices ranging from $50.86 to $50.90. For deeper insights into GLPI’s valuation and performance metrics, including additional ProTips and comprehensive analysis, investors can access the detailed Pro Research Report available on InvestingPro.
In other recent news, Gaming & Leisure Properties (GLPI) reported its fourth-quarter 2024 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.79, compared to the projected $0.73. However, the company slightly missed its revenue forecast, reporting $389.6 million against an expected $391.56 million. JMP Securities analyst Mitch Germain maintained a Market Outperform rating for the company, with a price target of $55, following a well-received guidance update for 2025. Germain noted that Gaming & Leisure Properties presents a strong investment opportunity due to its robust revenue stream and strategic capital deployment. The company has outlined development commitments, including $400 million in funding for 2025, and plans to redeem an $850 million bond in early March 2025. Additionally, Gaming & Leisure Properties is exploring growth opportunities in tribal gaming and sale-leaseback transactions. The company remains focused on leveraging its relationships and maintaining strong financial health amidst market volatility.
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