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Matthew Demchyk, Senior Vice President and Chief Investment Officer at Gaming & Leisure Properties, Inc. (NASDAQ:GLPI), recently executed a sale of company stock. According to a Form 4 filing with the Securities and Exchange Commission, Demchyk sold 6,419 shares of common stock on March 5, 2025. The shares were sold at a weighted average price of approximately $50.45, resulting in a total transaction value of $323,838. The transaction occurred with the stock trading near its 52-week high of $52.59, while offering a 6.03% dividend yield.
This transaction was conducted under a Rule 10b5-1 trading plan, which Demchyk had previously adopted on September 13, 2024. Following the sale, Demchyk retains direct ownership of 43,201 shares of the company. Additionally, he holds 15,000 LTIP Units, which represent limited partnership interests in GLP Capital, L.P., with vesting conditions tied to his continued service. For deeper insights into insider trading patterns and comprehensive financial analysis, access the full GLPI research report on InvestingPro, which covers 1,400+ top US stocks.
In other recent news, Gaming and Leisure Properties reported its fourth-quarter 2024 earnings, where the company exceeded earnings per share (EPS) expectations with $0.79, surpassing the forecasted $0.73. However, the company’s revenue slightly missed the mark, reaching $389.6 million against an anticipated $391.56 million. The company plans significant development funding of $400 million in 2025, focusing on gaming real estate opportunities and potential expansion into tribal gaming partnerships. JMP Securities maintained a Market Outperform rating for Gaming and Leisure Properties, with a price target of $55, noting the company’s strong financial foundation and potential growth drivers, including joining a consortium for a New York casino license. Furthermore, Gaming and Leisure Properties announced a planned $850 million bond redemption set for March 2025. The company continues to leverage its strategic acquisitions and loans, contributing to a $22 million increase in cash rent, showcasing robust growth in its core operations. Analysts from JMP Securities highlighted the company’s minimal funding headwinds and its attractive investment opportunity due to a consistent and growing revenue stream.
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