VICI Properties Inc. (NYSE:VICI) Position Decreased by Synovus Financial Corp

Synovus Financial Corp decreased its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 35.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,332 shares of the company's stock after selling 7,866 shares during the quarter. Synovus Financial Corp's holdings in VICI Properties were worth $419,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Venturi Wealth Management LLC increased its stake in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after buying an additional 431 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of VICI Properties in the 4th quarter valued at approximately $33,000. Whipplewood Advisors LLC acquired a new stake in shares of VICI Properties in the 4th quarter valued at $40,000. Cromwell Holdings LLC lifted its position in shares of VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after purchasing an additional 494 shares during the last quarter. Finally, Promus Capital LLC acquired a new position in shares of VICI Properties during the fourth quarter worth $63,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on VICI. Barclays increased their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. JMP Securities reiterated a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Stifel Nicolaus boosted their target price on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a report on Thursday, March 27th. Mizuho raised 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. Finally, Wells Fargo & Company boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $34.63.

VICI Properties Stock Up 1.6 %

Shares of VICI traded up $0.51 during midday trading on Friday, reaching $32.56. 8,361,174 shares of the company were exchanged, compared to its average volume of 6,034,784. VICI Properties Inc. has a 1-year low of $27.53 and a 1-year high of $34.29. The stock has a 50-day moving average price of $31.61 and a 200-day moving average price of $31.15. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market cap of $34.40 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly 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). The firm had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.31%. VICI Properties's payout ratio is 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.