Tower Research Capital LLC TRC Sells 60,858 Shares of VICI Properties Inc. (NYSE:VICI)

Tower Research Capital LLC TRC trimmed its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 61.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 37,639 shares of the company's stock after selling 60,858 shares during the quarter. Tower Research Capital LLC TRC's holdings in VICI Properties were worth $1,099,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Transce3nd LLC purchased a new stake in shares of VICI Properties in the fourth quarter worth about $28,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in VICI Properties by 3.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 56,935 shares of the company's stock worth $1,663,000 after purchasing an additional 2,060 shares in the last quarter. Lasalle Investment Management Securities LLC boosted its holdings in VICI Properties by 3.3% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,047,469 shares of the company's stock valued at $89,017,000 after purchasing an additional 98,452 shares during the period. MML Investors Services LLC grew its position in shares of VICI Properties by 16.0% during the 4th quarter. MML Investors Services LLC now owns 67,202 shares of the company's stock valued at $1,963,000 after purchasing an additional 9,273 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in shares of VICI Properties by 1.9% in the fourth quarter. MetLife Investment Management LLC now owns 309,762 shares of the company's stock worth $9,048,000 after purchasing an additional 5,775 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on VICI shares. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Truist Financial raised their price objective on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday. Barclays lifted their target price 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. JMP Securities reiterated a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Finally, Mizuho raised their target price on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Three 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 has a consensus rating of "Moderate Buy" and an average price target of $34.93.

VICI Properties Stock Down 0.8 %

Shares of VICI Properties stock opened at $32.46 on Friday. The company has a 50-day simple moving average of $31.80 and a two-hundred day simple moving average of $31.15. The stock has a market capitalization of $34.30 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week 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.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date was Thursday, March 20th. VICI Properties's payout ratio is presently 67.58%.

About VICI Properties

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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