Intact Investment Management Inc. Decreases Holdings in VICI Properties Inc. (NYSE:VICI)

Intact Investment Management Inc. cut its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 25.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 171,300 shares of the company's stock after selling 58,070 shares during the period. Intact Investment Management Inc.'s holdings in VICI Properties were worth $5,004,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of VICI. Venturi Wealth Management LLC raised its stake in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after buying an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in VICI Properties in the fourth quarter valued at $33,000. Whipplewood Advisors LLC acquired a new stake in shares of VICI Properties during the fourth quarter worth about $40,000. Continuum Advisory LLC increased its position in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after purchasing an additional 374 shares in the last quarter. 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. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on VICI shares. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. JMP Securities reiterated a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Wells Fargo & Company lifted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Barclays lifted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Finally, KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $34.20.

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VICI Properties Stock Performance

Shares of NYSE VICI traded down $0.30 during midday trading on Wednesday, reaching $32.38. 7,772,996 shares of the company were exchanged, compared to its average volume of 5,503,224. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The stock has a fifty day simple moving average of $30.64 and a 200 day simple moving average of $31.45. The stock has a market cap of $34.20 billion, a P/E ratio of 12.65, a PEG ratio of 3.88 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $969.29 million. On average, research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.34%. The ex-dividend date is Thursday, March 20th. VICI Properties's dividend payout ratio is presently 67.58%.

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.