LPL Financial LLC reduced its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,020,112 shares of the company's stock after selling 38,670 shares during the period. LPL Financial LLC owned approximately 0.10% of VICI Properties worth $29,797,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Atria Wealth Solutions Inc. grew its holdings in VICI Properties by 145.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock worth $1,189,000 after acquiring an additional 24,159 shares in the last quarter. Oxbow Advisors LLC purchased a new stake in shares of VICI Properties during the 4th quarter worth $3,817,000. CHURCHILL MANAGEMENT Corp lifted its position in shares of VICI Properties by 2.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company's stock worth $9,103,000 after purchasing an additional 8,834 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of VICI Properties by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company's stock worth $18,268,000 after purchasing an additional 40,733 shares in the last quarter. Finally, Border to Coast Pensions Partnership Ltd increased its holdings in VICI Properties by 40.0% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company's stock valued at $13,282,000 after buying an additional 130,000 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.
VICI Properties Stock Performance
NYSE VICI traded down $0.09 during trading on Wednesday, reaching $32.35. The company's stock had a trading volume of 971,947 shares, compared to its average volume of 5,828,804. The business's fifty day moving average price is $31.24 and its 200-day moving average price is $31.33. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market cap of $34.19 billion, a price-to-earnings ratio of 12.63, a P/E/G ratio of 3.88 and a beta of 0.94.
VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly 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 net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. As a group, analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.35%. The ex-dividend date is Thursday, March 20th. VICI Properties's dividend payout ratio is presently 67.58%.
Wall Street Analyst Weigh In
A number of analysts have issued reports on VICI shares. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Stifel Nicolaus boosted their target price on VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a research note on Thursday, March 27th. JMP Securities reiterated a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Wells Fargo & Company raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Finally, Barclays upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $34.23.
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About VICI Properties
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Free Report)
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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