Tredje AP fonden reduced its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 36.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,034 shares of the company's stock after selling 81,326 shares during the period. Tredje AP fonden's holdings in VICI Properties were worth $4,178,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Atria Investments Inc raised its holdings in VICI Properties by 12.5% in the 3rd quarter. Atria Investments Inc now owns 26,444 shares of the company's stock worth $881,000 after acquiring an additional 2,929 shares during the last quarter. Sigma Planning Corp raised its stake in shares of VICI Properties by 3.2% in the third quarter. Sigma Planning Corp now owns 18,215 shares of the company's stock worth $607,000 after purchasing an additional 561 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in shares of VICI Properties during the third quarter valued at $230,000. Apollon Wealth Management LLC boosted its position in shares of VICI Properties by 5.9% during the third quarter. Apollon Wealth Management LLC now owns 11,452 shares of the company's stock valued at $381,000 after buying an additional 635 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in VICI Properties by 18.1% in the 3rd quarter. Victory Capital Management Inc. now owns 1,757,069 shares of the company's stock worth $58,528,000 after buying an additional 268,818 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on VICI shares. Wedbush downgraded shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Wells Fargo & Company lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. JMP Securities reissued a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Truist Financial cut their price objective on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, Stifel Nicolaus increased their target price on VICI Properties from $33.75 to $34.00 and gave the company a "buy" rating in a report on Friday, February 21st. 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.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $34.20.
Read Our Latest Research Report on VICI Properties
VICI Properties Stock Performance
VICI traded up $0.17 during midday trading on Tuesday, reaching $32.66. The company had a trading volume of 7,088,330 shares, compared to its average volume of 5,491,966. The business has a 50-day moving average of $30.57 and a two-hundred day moving average of $31.45. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a market cap of $34.49 billion, a P/E ratio of 12.76, a P/E/G ratio of 3.88 and a beta of 0.94.
VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) 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 company had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. As a group, equities research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date is Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is 67.58%.
About VICI Properties
(
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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