On October 29, 2024, E Urdang, Director of Gaming and Leisure Properties Inc (GLPI, Financial), executed a sale of 6,885 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now owns 149,800 shares of Gaming and Leisure Properties Inc.
Gaming and Leisure Properties Inc, a real estate investment trust (REIT), is engaged in acquiring, financing, and owning real estate property to be leased to gaming operators in triple-net lease arrangements. The company's portfolio includes properties across several states, which are leased to industry-leading gaming operators.
Over the past year, E Urdang has sold a total of 12,490 shares and purchased 2,500 shares of Gaming and Leisure Properties Inc. The recent sale on October 29 is part of a broader trend observed within the company, where there have been 9 insider sells and only 1 insider buy over the past year.
Shares of Gaming and Leisure Properties Inc were trading at $50.16 on the day of the transaction. The company has a market cap of approximately $13.96 billion. The price-earnings ratio of the stock stands at 17.79, which is above the industry median of 15.39.
The stock is considered to be Fairly Valued with a price-to-GF Value ratio of 1, based on a GF Value of $50.21. The GF Value is calculated considering historical trading multiples, an adjustment factor based on past performance, and future business projections.
This insider sale might interest investors tracking insider behaviors as an indicator of the company's future performance and valuation alignment.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
