E. Scott Urdang, serving as a director at Gaming & Leisure Properties, Inc. (NASDAQ: GLPI), executed a transaction on June 10, 2026, selling 3,000 shares of the real estate investment trust. The sale was valued at $144,960, with each share transacted at $48.32. This divestment leaves Mr. Urdang with a direct holding of 127,429 shares.
The transaction occurs against a backdrop of strong operational performance from the company, which recently reported first quarter 2026 earnings that surpassed analyst forecasts. Gaming & Leisure Properties achieved an earnings per share of $0.82, beating the consensus estimate of $0.77 by 6.49%. Revenue also exceeded expectations, reaching $420 million against a projected $417.27 million. In conjunction with these results, the company raised its quarterly cash dividend to $0.82 per share, an increase of $0.04 from the prior quarter, with payments scheduled for June 26, 2026, to shareholders of record as of June 12, 2026.
The stock closed at $48.41 on October 6, reflecting a 1.23% gain, while after-hours trading showed a slight decline of 0.04%.