CIBC Private Wealth Group LLC lowered its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 21.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,310,275 shares of the company's stock after selling 1,981,938 shares during the quarter. CIBC Private Wealth Group LLC owned approximately 0.69% of VICI Properties worth $210,755,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of VICI. D.A. Davidson & CO. raised its position 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 worth $321,000 after purchasing an additional 340 shares during the last quarter. Carret Asset Management LLC increased its stake in VICI Properties by 0.5% during the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock worth $2,034,000 after buying an additional 354 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its holdings in shares of VICI Properties by 0.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock valued at $1,206,000 after acquiring an additional 372 shares during the last quarter. Continuum Advisory LLC lifted its position in shares of 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 in the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of VICI Properties by 3.3% in the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock worth $357,000 after acquiring an additional 391 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
VICI has been the subject of several recent research reports. Mizuho reduced their price objective on VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus raised their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a research note on Thursday, March 27th. KeyCorp restated a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Truist Financial cut their price objective on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $34.23.
Read Our Latest Stock Analysis on VICI
VICI Properties Trading Down 1.0 %
Shares of VICI Properties stock traded down $0.31 during mid-day trading on Wednesday, hitting $32.13. The stock had a trading volume of 2,106,421 shares, compared to its average volume of 5,833,603. The firm has a 50-day moving average of $31.24 and a two-hundred day moving average of $31.33. The firm has a market cap of $33.95 billion, a P/E ratio of 12.55, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29.
VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share 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 during the quarter, compared to analysts' expectations of $969.29 million. Sell-side analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.
VICI Properties Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.38%. VICI Properties's payout ratio is currently 67.58%.
About VICI Properties
(
Free Report)
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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