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Brandon John Moore, President, COO, and Secretary of Gaming & Leisure Properties, Inc. (NASDAQ:GLPI), recently reported transactions involving the company's common stock. On January 2 and 3, Moore sold a total of 11,891 shares, generating approximately $565,780. The sales were executed at prices ranging from $47.45 to $47.84, as per a pre-established Rule 10b5-1 trading plan.
In addition to the sales, Moore acquired several batches of shares through performance-based awards and dividend accruals, all at no cost. These acquisitions, however, were overshadowed by the substantial sales, which are often closely watched by investors for potential insights into executive sentiment about the company's stock. According to InvestingPro, GLPI generally trades with low price volatility and offers an attractive 6.35% dividend yield. For deeper insights into GLPI's valuation and additional ProTips, check out the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Gaming and Leisure (NASDAQ:GLPI) Properties Inc. reported strong third-quarter performance in 2024, with nearly $2 billion in development activity planned for the coming year. The company's total income from real estate increased due to acquisitions, while operating expenses rose due to a provision for credit losses. Several analyst firms, including Deutsche Bank (ETR:DBKGn), Stifel, and JPMorgan, have upgraded their ratings and price targets for the company, reflecting positive outlooks based on the company's financial performance and strategic positioning. RBC Capital also released its '2025 Global Real Estate Outlook,' indicating a divergence in performance between Canadian and US REITs in 2024, and suggesting that Canadian REITs may be increasingly attractive due to recent valuation pullbacks. Finally, Gaming and Leisure Properties Inc. has expanded its credit facility, increasing its revolving commitments from $1.75 billion to $2.09 billion and extending the maturity date to December 2, 2028, providing the company with enhanced financial flexibility.
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