Adage Capital Partners GP L.L.C. Sells 512,700 Shares of VICI Properties Inc. (NYSE:VICI)

Adage Capital Partners GP L.L.C. lessened its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 22.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,724,400 shares of the company's stock after selling 512,700 shares during the period. Adage Capital Partners GP L.L.C. owned 0.16% of VICI Properties worth $50,370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. D.A. Davidson & CO. lifted its stake in shares of VICI Properties by 3.2% during the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock valued at $321,000 after buying an additional 340 shares in the last quarter. Carret Asset Management LLC lifted its position in shares of VICI Properties by 0.5% in the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock valued at $2,034,000 after acquiring an additional 354 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in shares of VICI Properties by 0.9% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock worth $1,206,000 after acquiring an additional 372 shares during the period. V Square Quantitative Management LLC grew its position in shares of VICI Properties by 3.3% during the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock worth $357,000 after purchasing an additional 391 shares in the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in VICI Properties by 0.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company's stock valued at $2,042,000 after purchasing an additional 408 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Stock Down 0.8 %

Shares of VICI opened at $32.46 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The business has a fifty day moving average of $31.80 and a 200 day moving average of $31.15. The company has a market cap of $34.30 billion, a PE ratio of 12.68, a P/E/G ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). The firm had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.33%. VICI Properties's dividend payout ratio is 67.58%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on VICI. Stifel Nicolaus increased their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a report on Thursday, March 27th. Wells Fargo & Company boosted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Mizuho raised their price objective on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. JMP Securities reiterated a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Finally, Barclays upped their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.93.

VICI Properties Company Profile

VICI Properties Inc is an S&P 500 experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including Caesars Palace Las Vegas, MGM Grand and the Venetian Resort Las Vegas, three of the most iconic entertainment facilities on the Las Vegas Strip.

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