On November 4, 2024, E Urdang, Director at Gaming and Leisure Properties Inc (GLPI, Financial), executed a sale of 3,000 shares of the company. The transaction was filed on the same day with the SEC. Following this transaction, the insider now directly owns 146,800 shares of the company.
Gaming and Leisure Properties Inc is a real estate investment trust (REIT) that 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 that are geographically diversified across the United States.
Over the past year, the insider has sold a total of 15,490 shares and purchased 2,500 shares. The recent sale is part of a broader trend observed within the company, where there have been 10 insider sells and only 1 insider buy over the last year.
Shares of Gaming and Leisure Properties Inc were trading at $50.39 on the day of the transaction. The company has a market cap of approximately $13.88 billion. The price-earnings ratio of the stock stands at 17.69, which is above the industry median of 15.68.
The stock is considered to be Fairly Valued with a price-to-GF Value ratio of 1, based on a GF Value of $50.23. The GF Value is a proprietary measure used to determine the fair value of a stock, taking into account historical trading multiples, an adjustment factor based on the company's past performance, and future business projections.
This insider sale could be of interest to investors tracking insider behaviors as an indicator of potential stock performance, particularly in the context of the company's valuation and stock market trends.
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.
