Matthew Demchyk, the Senior Vice President and Chief Investment Officer of Gaming & Leisure Properties, Inc. (NASDAQ:GLPI), recently sold 10,474 shares of the company's common stock. The transaction, executed on January 21, amounted to a total of $509,245, with shares sold at a weighted average price of $48.62. Following this sale, Demchyk holds 71,757 shares of the company.
This sale was conducted under a Rule 10b5-1 trading plan, which Demchyk adopted in September 2024. The trading plan allows insiders to set up a predetermined schedule for selling stocks to avoid potential conflicts of interest. InvestingPro subscribers can access additional insights, including 6 more ProTips and a comprehensive Pro Research Report, providing deeper analysis of GLPI's financial health, which currently rates as "GREAT" with an overall score of 3.35.
In other recent news, RBC Capital's 2025 Global Real Estate Outlook indicates a divergence in performance between Canadian and US REITs, forecasting stronger relative outlooks for Canadian seniors housing, US healthcare, US net lease, and US manufactured housing. Despite the underperformance of Canadian REITs relative to the US market, RBC Capital views the Canadian sector as increasingly attractive due to recent valuation pullbacks. The firm's analysis shows that Canadian REIT valuations are more appealing, trading at 15 times the estimated 2025 adjusted funds from operations (AFFO), with a 7.1% implied capitalization rate, and 19% below net asset value.
Meanwhile, Gaming and Leisure Properties Inc. reported robust third-quarter performance in 2024, planning nearly $2 billion in development activity for the coming year. The company expanded its credit facility, increasing its revolving commitments from $1.75 billion to $2.09 billion and extending the maturity date to December 2, 2028. JPMorgan upgraded its stock rating for Gaming and Leisure Properties Inc. from Neutral to Overweight and increased the price target for the company's shares to $54.00. Deutsche Bank (ETR:DBKGn) also upgraded Gaming and Leisure from Hold to Buy, setting a new price target of $54.00.
These are the recent developments that investors should be aware of.
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