Skba Capital Management LLC Sells 11,700 Shares of VICI Properties Inc. (NYSE:VICI)

Skba Capital Management LLC decreased its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 3.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 318,450 shares of the company's stock after selling 11,700 shares during the period. Skba Capital Management LLC's holdings in VICI Properties were worth $9,302,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VICI. Norges Bank purchased a new stake in shares of VICI Properties in the fourth quarter worth approximately $419,932,000. State Street Corp lifted its position in VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company's stock worth $1,873,869,000 after buying an additional 1,164,717 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of VICI Properties by 127.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company's stock valued at $50,099,000 after buying an additional 960,706 shares during the period. Prudential Financial Inc. grew its holdings in shares of VICI Properties by 125.9% during the 4th quarter. Prudential Financial Inc. now owns 1,659,922 shares of the company's stock valued at $48,486,000 after acquiring an additional 925,041 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of VICI Properties by 185.3% in the third quarter. Janus Henderson Group PLC now owns 972,695 shares of the company's stock worth $32,397,000 after acquiring an additional 631,747 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. JMP Securities reissued a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Mizuho raised their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday. KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. Finally, Barclays increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, VICI Properties has a consensus rating of "Moderate Buy" and a consensus target price of $34.63.

VICI Properties Stock Performance

Shares of VICI stock traded down $0.29 during trading hours on Thursday, reaching $31.90. 4,337,960 shares of the company's stock were exchanged, compared to its average volume of 5,845,668. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $33.71 billion, a P/E ratio of 12.46, a P/E/G ratio of 3.88 and a beta of 0.94. The business has a fifty day moving average price of $31.29 and a 200-day moving average price of $31.34.

VICI Properties (NYSE:VICI - Get Free Report) last released its 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). The company had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a $0.4325 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.42%. VICI Properties's dividend payout ratio is currently 67.58%.

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.