TD Private Client Wealth LLC Sells 10,950 Shares of VICI Properties Inc. (NYSE:VICI)

TD Private Client Wealth LLC trimmed its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 9.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,720 shares of the company's stock after selling 10,950 shares during the period. TD Private Client Wealth LLC's holdings in VICI Properties were worth $3,059,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company's stock valued at $297,685,000 after purchasing an additional 7,658,819 shares in the last quarter. State Street Corp lifted its holdings in shares of VICI Properties by 2.1% during the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company's stock worth $1,873,869,000 after acquiring an additional 1,164,717 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its stake in VICI Properties by 127.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company's stock valued at $50,099,000 after acquiring an additional 960,706 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company's stock valued at $393,847,000 after purchasing an additional 770,195 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of VICI Properties by 80.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,673,230 shares of the company's stock valued at $55,735,000 after buying an additional 748,378 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several brokerages have issued reports on VICI. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Wells Fargo & Company upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Mizuho reduced their price target on VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Finally, Truist Financial lowered their price objective on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $34.20.

VICI Properties Stock Up 0.9 %

Shares of NYSE:VICI traded up $0.28 during midday trading on Wednesday, reaching $31.92. The company's stock had a trading volume of 4,999,228 shares, compared to its average volume of 5,553,776. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The firm has a market capitalization of $33.73 billion, a P/E ratio of 12.47, a PEG ratio of 3.88 and a beta of 0.94. The firm has a 50 day moving average of $30.96 and a 200-day moving average of $31.39. 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 (NYSE:VICI - Get Free Report) last announced its earnings results 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). 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 for the quarter, compared to the consensus estimate of $969.29 million. On average, research 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 will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.4325 dividend. The ex-dividend date 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.