Sequans Communications reports second quarter revenue flat at $8.1 million
Matthew Demchyk, the Senior Vice President and Chief Investment Officer of Gaming & Leisure Properties, Inc. (NASDAQ:GLPI), recently made a notable sale of company stock. According to a filing with the Securities and Exchange Commission, Demchyk sold 1,903 shares of common stock on March 10, 2025. The shares were sold at a weighted average price of $51.99, amounting to a total transaction value of $98,936. This transaction was conducted under a Rule 10b5-1 trading plan, which Demchyk adopted in September 2024. Following this sale, he retains direct ownership of 41,298 shares of the company. Additionally, Demchyk holds 15,000 LTIP Units, which are units of limited partnership interests in GLP Capital, L.P., and are set to vest over a three-year period. InvestingPro analysis shows GLPI maintains a "GREAT" financial health score, with liquid assets exceeding short-term obligations. Get access to 6 more exclusive ProTips and comprehensive financial analysis in the Pro Research Report.
In other recent news, Gaming & Leisure Properties reported its fourth-quarter 2024 earnings, exceeding analysts’ expectations with an earnings per share (EPS) of $0.79, compared to the projected $0.73. However, the company’s revenue slightly underperformed, coming in at $389.6 million against a forecast of $391.56 million. Despite the revenue miss, the company plans significant development funding of $400 million in 2025, focusing on gaming real estate opportunities and potential expansion into tribal gaming partnerships. Additionally, Gaming & Leisure Properties intends to redeem an $850 million bond on March 3, 2025, as part of its financial strategy.
JMP Securities analyst Mitch Germain maintained a Market Outperform rating for the company, with a price target of $55. Germain noted the company’s recent guidance update for 2025, which has been positively received by investors. The company’s management has outlined loan and development commitments expected to provide a consistent revenue stream. Key growth drivers include potential involvement in a New York downstate casino license consortium and the activation of Bally’s Lincoln call right, valued at $735 million.
Gaming & Leisure Properties also reported that its total income from real estate surpassed the previous year’s fourth quarter by more than $20 million. The company continues to leverage its strong relationships with gaming operators and explore new opportunities, particularly in tribal gaming. Despite ongoing volatility in the financing market, the company’s balance sheet is well-prepared for growth, and it remains focused on strategic growth while managing debt effectively.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.