Russell Investments Group Ltd. cut its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 20.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,919,269 shares of the company's stock after selling 728,514 shares during the period. Russell Investments Group Ltd. owned 0.28% of VICI Properties worth $85,269,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in VICI. D.A. Davidson & CO. increased its holdings in VICI Properties by 3.2% in the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock worth $321,000 after acquiring an additional 340 shares in the last quarter. Carret Asset Management LLC boosted its holdings in VICI Properties by 0.5% in the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock worth $2,034,000 after buying an additional 354 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in VICI Properties by 0.9% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock worth $1,206,000 after buying an additional 372 shares in the last quarter. Continuum Advisory LLC raised its holdings 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 valued at $50,000 after acquiring an additional 374 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its position in shares of VICI Properties by 3.3% in the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock valued at $357,000 after acquiring an additional 391 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.
VICI Properties Stock Performance
Shares of VICI stock traded down $0.31 during trading hours on Wednesday, hitting $29.10. The stock had a trading volume of 3,076,154 shares, compared to its average volume of 5,935,418. The stock's 50 day moving average is $31.32 and its 200 day moving average is $31.22. The firm has a market capitalization of $30.75 billion, a PE ratio of 11.34, a PEG ratio of 3.88 and a beta of 0.70. 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 current ratio of 2.61 and a quick ratio of 2.61.
VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings results 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 return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $976.05 million for the quarter, compared to analysts' expectations of $969.29 million. As a group, 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 was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio is currently 67.58%.
Wall Street Analyst Weigh In
VICI has been the topic of several recent research reports. Stifel Nicolaus boosted their price target on shares of VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research report on Thursday, March 27th. KeyCorp restated a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. 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 research report on Tuesday, March 4th. Mizuho upped their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Finally, Wedbush downgraded shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $34.63.
View Our Latest Analysis on VICI
VICI Properties 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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