VICI Properties Inc. (NYSE:VICI) Shares Sold by Gerber Kawasaki Wealth & Investment Management

Gerber Kawasaki Wealth & Investment Management decreased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 4.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 417,388 shares of the company's stock after selling 20,418 shares during the period. Gerber Kawasaki Wealth & Investment Management's holdings in VICI Properties were worth $12,192,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of VICI. Transce3nd LLC acquired a new position in shares of VICI Properties during the fourth quarter worth $28,000. Venturi Wealth Management LLC increased its position in shares of VICI Properties by 64.1% during the fourth 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 acquired a new position in shares of VICI Properties during the fourth quarter worth $33,000. Whipplewood Advisors LLC acquired a new position in shares of VICI Properties during the fourth quarter worth $40,000. Finally, Cromwell Holdings LLC increased its position in shares of VICI Properties by 31.3% during 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 in the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

Shares of VICI stock traded up $0.01 during mid-day trading on Monday, hitting $32.23. 5,523,134 shares of the stock were exchanged, compared to its average volume of 6,020,088. The firm has a fifty day moving average of $31.87 and a 200 day moving average of $31.14. 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 52-week low of $27.53 and a 52-week high of $34.29. The company has a market cap of $34.06 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last posted 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). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $976.05 million for the quarter, compared to analysts' expectations of $969.29 million. Research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company 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. This represents a $1.73 annualized dividend and a dividend yield of 5.37%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's payout ratio is currently 67.58%.

Analysts Set New Price Targets

VICI has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price target on VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Wells Fargo & Company upped their target price on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Mizuho upped their target price on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Truist Financial upped their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Finally, Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of "Moderate Buy" and an average 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.