Hosking Partners LLP Trims Stake in VICI Properties Inc. (NYSE:VICI)

Hosking Partners LLP cut its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 11.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 156,171 shares of the company's stock after selling 20,194 shares during the quarter. Hosking Partners LLP's holdings in VICI Properties were worth $4,562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. QRG Capital Management Inc. increased its holdings in VICI Properties by 2.8% during the fourth quarter. QRG Capital Management Inc. now owns 192,159 shares of the company's stock valued at $5,613,000 after buying an additional 5,241 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in VICI Properties during the fourth quarter valued at approximately $1,389,000. Oppenheimer & Co. Inc. increased its holdings in VICI Properties by 6.8% during the fourth quarter. Oppenheimer & Co. Inc. now owns 60,419 shares of the company's stock valued at $1,765,000 after buying an additional 3,837 shares during the last quarter. New York Life Investment Management LLC increased its holdings in VICI Properties by 1.4% during the fourth quarter. New York Life Investment Management LLC now owns 141,192 shares of the company's stock valued at $4,124,000 after buying an additional 2,010 shares during the last quarter. Finally, Whipplewood Advisors LLC purchased a new stake in VICI Properties during the fourth quarter valued at approximately $40,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Price Performance

Shares of NYSE:VICI traded up $0.18 during midday trading on Monday, reaching $32.67. 6,388,556 shares of the company were exchanged, compared to its average volume of 6,574,357. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The business's fifty day moving average is $29.89 and its two-hundred day moving average is $31.47. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The stock has a market cap of $34.51 billion, a PE ratio of 12.76, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data 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 business had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. As a group, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.30%. VICI Properties's dividend payout ratio (DPR) is currently 67.58%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on VICI shares. Barclays dropped their price target on shares of VICI Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Mizuho dropped their price target on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus upped their price target on shares of VICI Properties from $33.75 to $34.00 and gave the stock a "buy" rating in a research report on Friday, February 21st. Finally, Wedbush lowered shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.20.

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.