Stifel Financial Corp trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 879,187 shares of the company's stock after selling 28,477 shares during the period. Stifel Financial Corp owned about 0.08% of VICI Properties worth $25,681,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Transce3nd LLC purchased a new position in VICI Properties in the fourth quarter worth $28,000. Venturi Wealth Management LLC increased its holdings in shares of VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after purchasing an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties in the fourth quarter valued at about $33,000. Whipplewood Advisors LLC acquired a new position in VICI Properties during the fourth quarter worth about $40,000. Finally, Cromwell Holdings LLC increased its holdings in VICI Properties by 31.3% in the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock valued at $61,000 after buying an additional 494 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.
VICI Properties Stock Down 0.8 %
Shares of NYSE VICI opened at $32.46 on Friday. The firm's 50 day moving average price is $31.80 and its 200 day moving average price is $31.15. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market cap of $34.30 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year 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 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 business had revenue of $976.05 million during the quarter, compared to analysts' expectations of $969.29 million. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.
VICI Properties Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.33%. VICI Properties's dividend payout ratio is presently 67.58%.
Analyst Ratings Changes
VICI has been the topic of a number of research reports. Mizuho upped their price target on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their price objective 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 restated a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Finally, Truist Financial upped their price target on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $34.93.
Read Our Latest Stock Analysis on VICI Properties
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider VICI Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VICI Properties wasn't on the list.
While VICI Properties currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
