Naviter Wealth LLC trimmed its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 17.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,249 shares of the company's stock after selling 12,725 shares during the quarter. Naviter Wealth LLC's holdings in VICI Properties were worth $1,816,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in VICI. Atria Wealth Solutions Inc. lifted its position in VICI Properties by 145.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock valued at $1,189,000 after acquiring an additional 24,159 shares in the last quarter. Oxbow Advisors LLC acquired a new position in shares of VICI Properties during the fourth quarter worth about $3,817,000. CHURCHILL MANAGEMENT Corp grew its holdings in shares of VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company's stock worth $9,103,000 after buying an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. raised its position in VICI Properties by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company's stock valued at $18,268,000 after buying an additional 40,733 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd lifted its stake in VICI Properties by 40.0% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company's stock valued at $13,282,000 after acquiring an additional 130,000 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.
VICI Properties Stock Performance
NYSE:VICI traded down $0.04 on Monday, hitting $32.61. The company's stock had a trading volume of 8,667,241 shares, compared to its average volume of 5,477,484. 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 Inc. has a one year low of $27.08 and a one year high of $34.29. The stock has a fifty day moving average of $30.22 and a two-hundred day moving average of $31.48. The firm has a market capitalization of $34.45 billion, a P/E ratio of 12.74, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.
VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $969.29 million. Research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.
VICI Properties Announces Dividend
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 paid a $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.30%. VICI Properties's dividend payout ratio (DPR) is currently 67.58%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on VICI shares. KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wells Fargo & Company lifted their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday. Stifel Nicolaus increased their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the stock a "buy" rating in a research note on Friday, February 21st. Mizuho lowered their target price on VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Finally, JMP Securities reissued a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $34.20.
Read Our Latest Report on VICI Properties
VICI Properties Company Profile
(
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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