Wealthfront Advisers LLC trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 72.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,215 shares of the company's stock after selling 151,835 shares during the period. Wealthfront Advisers LLC's holdings in VICI Properties were worth $1,671,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. GC Wealth Management RIA LLC boosted its position in VICI Properties by 22.0% in the 4th quarter. GC Wealth Management RIA LLC now owns 21,377 shares of the company's stock valued at $624,000 after buying an additional 3,852 shares during the last quarter. Independent Advisor Alliance boosted its position in VICI Properties by 5.0% in the 4th quarter. Independent Advisor Alliance now owns 13,137 shares of the company's stock valued at $384,000 after buying an additional 627 shares during the last quarter. Moran Wealth Management LLC bought a new position in VICI Properties in the 4th quarter valued at $1,175,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in VICI Properties by 20.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,058,388 shares of the company's stock valued at $30,916,000 after buying an additional 180,961 shares during the last quarter. Finally, AlphaQuest LLC boosted its position in VICI Properties by 129.6% in the 4th quarter. AlphaQuest LLC now owns 15,690 shares of the company's stock valued at $458,000 after buying an additional 8,856 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Mizuho decreased their price objective 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. Stifel Nicolaus increased their price objective on VICI Properties from $33.75 to $34.00 and gave the company a "buy" rating in a research report on Friday, February 21st. JMP Securities restated a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Wedbush lowered VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Finally, Barclays raised their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, VICI Properties presently has a consensus rating of "Moderate Buy" and an average price target of $34.20.
Get Our Latest Research Report on VICI Properties
VICI Properties Trading Down 0.9 %
VICI stock traded down $0.30 during midday trading on Wednesday, hitting $32.38. 7,772,146 shares of the company's stock were exchanged, compared to its average volume of 5,503,221. The stock's fifty day moving average price is $30.64 and its 200-day moving average price is $31.45. 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 company has a market cap of $34.20 billion, a PE ratio of 12.65, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.
VICI Properties (NYSE:VICI - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). The business had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. 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 declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.34%. The ex-dividend date is Thursday, March 20th. VICI Properties's dividend payout ratio is 67.58%.
VICI Properties Company Profile
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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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