Shikiar Asset Management Inc. Has $1.16 Million Stock Holdings in Gaming and Leisure Properties, Inc. $GLPI

Key Points

• Shikiar Asset Management cut its stake in Gaming and Leisure Properties (GLPI) by 46.4% in Q4, selling 22,539 shares and ending with 26,002 shares valued at about $1.16 million; institutional investors own roughly 91.14% of the stock.
• GLPI pays a $3.12 annual dividend (≈6.8% yield), but its payout ratio is 107.22%, suggesting the dividend may not be fully covered by earnings despite a recent quarterly EPS beat of $0.99.
• Wall Street is cautiously positive: the stock has an average rating of "Moderate Buy" with an average target price of $52.32 after multiple firms raised price targets and ratings recently.

Shikiar Asset Management Inc. trimmed its position in Gaming and Leisure Properties, Inc. (NASDAQ:GLPI - Free Report) by 46.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,002 shares of the real estate investment trust's stock after selling 22,539 shares during the quarter. Shikiar Asset Management Inc.'s holdings in Gaming and Leisure Properties were worth $1,162,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management lifted its position in shares of Gaming and Leisure Properties by 62.3% during the 3rd quarter. Spire Wealth Management now owns 620 shares of the real estate investment trust's stock valued at $29,000 after buying an additional 238 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Gaming and Leisure Properties by 0.9% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 27,307 shares of the real estate investment trust's stock valued at $1,273,000 after buying an additional 245 shares during the last quarter. Securian Asset Management Inc. lifted its position in shares of Gaming and Leisure Properties by 1.3% during the 3rd quarter. Securian Asset Management Inc. now owns 21,195 shares of the real estate investment trust's stock valued at $988,000 after buying an additional 265 shares during the last quarter. Apella Capital LLC lifted its position in shares of Gaming and Leisure Properties by 4.8% during the 3rd quarter. Apella Capital LLC now owns 5,904 shares of the real estate investment trust's stock valued at $263,000 after buying an additional 273 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Gaming and Leisure Properties by 9.2% during the 4th quarter. GAMMA Investing LLC now owns 3,278 shares of the real estate investment trust's stock valued at $146,000 after buying an additional 277 shares during the last quarter. 91.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on GLPI shares. Mizuho upped their price target on Gaming and Leisure Properties from $50.00 to $53.00 and gave the company an "outperform" rating in a research report on Wednesday, March 11th. Royal Bank Of Canada boosted their price objective on Gaming and Leisure Properties from $53.00 to $54.00 and gave the company an "outperform" rating in a research note on Monday, February 23rd. Scotiabank boosted their price objective on Gaming and Leisure Properties from $48.00 to $50.00 and gave the company a "sector perform" rating in a research note on Tuesday, March 10th. Morgan Stanley boosted their price objective on Gaming and Leisure Properties from $52.00 to $53.00 and gave the company an "equal weight" rating in a research note on Wednesday, December 24th. Finally, JPMorgan Chase & Co. upgraded Gaming and Leisure Properties from a "neutral" rating to an "overweight" rating and boosted their price objective for the company from $52.00 to $53.00 in a research note on Friday, December 12th. Six investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Gaming and Leisure Properties currently has an average rating of "Moderate Buy" and an average target price of $52.32.

Gaming and Leisure Properties Stock Performance

NASDAQ:GLPI opened at $46.15 on Thursday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 3.84 and a current ratio of 3.84. Gaming and Leisure Properties, Inc. has a 52-week low of $41.17 and a 52-week high of $50.31. The firm has a market cap of $13.07 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.98 and a beta of 0.68. The business's fifty day moving average is $46.64 and its 200 day moving average is $45.36.

Gaming and Leisure Properties (NASDAQ:GLPI - Get Free Report) last released its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.98 by $0.01. Gaming and Leisure Properties had a return on equity of 17.10% and a net margin of 52.24%.The company had revenue of $407.03 million for the quarter, compared to analyst estimates of $406.02 million. During the same period in the previous year, the company posted $0.95 EPS. The firm's revenue for the quarter was up 4.5% compared to the same quarter last year. Gaming and Leisure Properties has set its FY 2026 guidance at 4.060-4.110 EPS. Research analysts predict that Gaming and Leisure Properties, Inc. will post 3.81 EPS for the current year.

Gaming and Leisure Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Friday, March 13th were paid a dividend of $0.78 per share. This represents a $3.12 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Friday, March 13th. Gaming and Leisure Properties's payout ratio is presently 107.22%.

Insiders Place Their Bets

In other Gaming and Leisure Properties news, Director E Scott Urdang sold 4,000 shares of the company's stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $47.37, for a total value of $189,480.00. Following the transaction, the director directly owned 130,429 shares in the company, valued at $6,178,421.73. This represents a 2.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Desiree A. Burke sold 9,804 shares of the company's stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $49.02, for a total value of $480,592.08. Following the completion of the transaction, the chief financial officer owned 128,352 shares in the company, valued at $6,291,815.04. This represents a 7.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,178 shares of company stock worth $1,552,938 in the last ninety days. 4.26% of the stock is currently owned by insiders.

Gaming and Leisure Properties Profile

Gaming and Leisure Properties, Inc NASDAQ: GLPI is a real estate investment trust (REIT) specializing in the ownership and management of gaming and entertainment properties. Established in 2013 as a spin-off from Penn National Gaming, the company was designed to acquire and hold real estate assets associated with casinos, racetracks and other gaming facilities, while leasing those assets back to operating partners under long-term, triple-net lease agreements.

The company's core activities involve identifying attractive gaming real estate, structuring lease agreements that align tenant incentives with property performance, and actively managing its portfolio to enhance asset value.

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