First Trust Advisors LP Has $22.68 Million Stake in VICI Properties Inc. (NYSE:VICI)

First Trust Advisors LP lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 6.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 776,304 shares of the company's stock after selling 57,632 shares during the period. First Trust Advisors LP owned about 0.07% of VICI Properties worth $22,676,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. World Investment Advisors LLC bought a new stake in shares of VICI Properties during the 3rd quarter valued at $441,000. Wilmington Savings Fund Society FSB bought a new stake in shares of VICI Properties during the 3rd quarter worth approximately $125,000. Tidal Investments LLC boosted its position in shares of VICI Properties by 11.9% during the 3rd quarter. Tidal Investments LLC now owns 52,678 shares of the company's stock worth $1,755,000 after acquiring an additional 5,620 shares in the last quarter. Synovus Financial Corp raised its position in VICI Properties by 53.6% during the third quarter. Synovus Financial Corp now owns 22,198 shares of the company's stock valued at $739,000 after purchasing an additional 7,742 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in VICI Properties by 18.4% during the fourth quarter. GAMMA Investing LLC now owns 13,984 shares of the company's stock worth $408,000 after purchasing an additional 2,172 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on VICI. Truist Financial upped their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday. Wells Fargo & Company upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Mizuho raised their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Wedbush downgraded shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, Barclays raised their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.93.

VICI Properties Stock Down 0.7 %

Shares of NYSE VICI opened at $32.23 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 firm has a market cap of $34.06 billion, a PE ratio of 12.59, a P/E/G ratio of 3.88 and a beta of 0.70. The company's fifty day simple moving average is $31.84 and its 200 day simple moving average is $31.15. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last issued 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 net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $976.05 million during 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 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio is currently 67.58%.

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.

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