Corebridge Financial Inc. Sells 10,439 Shares of VICI Properties Inc. (NYSE:VICI)

Corebridge Financial Inc. lowered its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 249,529 shares of the company's stock after selling 10,439 shares during the quarter. Corebridge Financial Inc.'s holdings in VICI Properties were worth $7,289,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC grew its position in VICI Properties by 64.1% during 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 in the last quarter. Kestra Investment Management LLC purchased a new position in shares of VICI Properties during the fourth quarter valued at $33,000. Whipplewood Advisors LLC acquired a new position in VICI Properties during the fourth quarter valued at $40,000. Continuum Advisory LLC lifted its stake in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after acquiring an additional 374 shares in the last quarter. Finally, Cromwell Holdings LLC boosted its position in VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after acquiring an additional 494 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

Wall Street Analyst Weigh In

VICI has been the topic of a number of research reports. Barclays upped their target price on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wells Fargo & Company lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Wedbush downgraded shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Finally, JMP Securities reissued a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, VICI Properties presently has an average rating of "Moderate Buy" and a consensus target price of $34.23.

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VICI Properties Stock Up 1.2 %

Shares of NYSE:VICI traded up $0.38 on Monday, reaching $32.39. The company had a trading volume of 3,062,902 shares, compared to its average volume of 5,815,584. 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 stock has a market capitalization of $34.22 billion, a P/E ratio of 12.64, a P/E/G ratio of 3.88 and a beta of 0.94. The stock has a 50-day moving average price of $31.13 and a 200 day moving average price of $31.35. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results 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 company had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. On average, equities analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid 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 5.34%. VICI Properties's payout ratio is presently 67.58%.

VICI Properties 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.