Yahoo Finance Insider Sale: CFO and Treasurer Desiree Burke Sells Shares of Gaming and Leisure Properties Inc ...
Desiree Burke, the Chief Financial Officer and Treasurer of Gaming and Leisure Properties Inc (NASDAQ:GLPI), sold 12,972 shares of the company on July 30, 2024. The transaction was reported in a recent SEC Filing. Following this sale, the insider now owns 121,046 shares of the company.
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. These properties are located across multiple states and include gaming facilities.
Over the past year, Desiree Burke has sold a total of 25,944 shares and has not purchased any shares. This recent transaction is part of a broader trend observed within the company, where there have been 5 insider sells and 4 insider buys over the past year.
On the day of the sale, shares of Gaming and Leisure Properties Inc were trading at $50.1. This pricing gives the company a market cap of approximately $13.79 billion. The price-earnings ratio of the company stands at 17.39, slightly above the industry median of 17.2 but below the company's historical median.
According to the GF Value, the intrinsic value of the stock is estimated at $49.00, making the stock Fairly Valued with a price-to-GF-Value ratio of 1.02.
The GF Value is calculated based on historical trading multiples like the price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, adjusted by a GuruFocus factor which considers past returns and growth, and supplemented by future business performance estimates from Morningstar analysts.
This sale by the insider might be of interest to current and potential investors, providing insights into insider confidence and potential future stock movements.
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.
This article first appeared on GuruFocus.
