Aew Capital Management L P Sells 1,795,903 Shares of VICI Properties Inc. (NYSE:VICI)

Aew Capital Management L P cut its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 90.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 179,030 shares of the company's stock after selling 1,795,903 shares during the period. Aew Capital Management L P's holdings in VICI Properties were worth $5,229,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Venturi Wealth Management LLC raised its position in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of VICI Properties during the fourth quarter valued at $33,000. Whipplewood Advisors LLC acquired a new position in shares of VICI Properties during the fourth quarter valued at $40,000. Continuum Advisory LLC boosted its holdings in VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock valued at $50,000 after acquiring an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC increased its position in VICI Properties by 31.3% in the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after purchasing an additional 494 shares during the period. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Up 0.1 %

NYSE VICI traded up $0.03 during trading on Monday, hitting $32.52. The stock had a trading volume of 3,125,512 shares, compared to its average volume of 6,488,578. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The company's 50-day moving average price is $29.89 and its two-hundred day moving average price is $31.47. The company has a market capitalization of $34.35 billion, a PE ratio of 12.71, a P/E/G ratio of 3.88 and a beta of 0.95.

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

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.32%. The ex-dividend date was Tuesday, December 17th. VICI Properties's dividend payout ratio is currently 67.58%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Barclays cut their target price on shares of VICI Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Wedbush lowered shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Truist Financial cut their target price on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Finally, KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties has a consensus rating of "Moderate Buy" and a consensus target price of $34.20.

About VICI Properties

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.