Cohen & Steers Inc. Cuts Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Cohen & Steers Inc. reduced its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 4.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 47,831,205 shares of the company's stock after selling 2,269,998 shares during the quarter. VICI Properties makes up about 2.6% of Cohen & Steers Inc.'s holdings, making the stock its 12th biggest holding. Cohen & Steers Inc. owned about 4.54% of VICI Properties worth $1,397,084,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VICI. D.A. Davidson & CO. increased its position in shares of VICI Properties by 3.2% during the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock valued at $321,000 after purchasing an additional 340 shares during the last quarter. Carret Asset Management LLC increased its holdings in VICI Properties by 0.5% during the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock valued at $2,034,000 after buying an additional 354 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its position in VICI Properties by 0.9% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock worth $1,206,000 after acquiring an additional 372 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of VICI Properties by 3.3% during the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock worth $357,000 after acquiring an additional 391 shares during the last quarter. Finally, Avantax Advisory Services Inc. grew its position in shares of VICI Properties by 0.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company's stock valued at $2,042,000 after acquiring an additional 408 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

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VICI Properties Trading Up 0.2 %

Shares of NYSE:VICI traded up $0.05 on Wednesday, hitting $32.10. 6,785,657 shares of the company's stock were exchanged, compared to its average volume of 7,571,159. The business's 50 day simple moving average is $31.47 and its two-hundred day simple moving average is $31.15. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market capitalization of $33.92 billion, a price-to-earnings ratio of 12.54, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 12 month low of $27.15 and a 12 month high of $34.29.

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 for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). The company had revenue of $976.05 million for 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%. Analysts anticipate 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 was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.39%. VICI Properties's payout ratio is currently 67.58%.

Analysts Set New Price Targets

Several research firms recently weighed in on VICI. Barclays lifted their target price on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Stifel Nicolaus boosted their price objective on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research note on Thursday, March 27th. KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Wedbush downgraded shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Finally, Mizuho increased their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Three equities 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, VICI Properties has a consensus rating of "Moderate Buy" and a consensus target price of $34.63.

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.