Bank of America Corp DE Sells 632,763 Shares of VICI Properties Inc. (NYSE:VICI)

Bank of America Corp DE reduced its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,004,511 shares of the company's stock after selling 632,763 shares during the period. Bank of America Corp DE owned 1.33% of VICI Properties worth $409,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in VICI. Benjamin Edwards Inc. raised its holdings in shares of VICI Properties by 3.1% in the 4th quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock worth $369,000 after acquiring an additional 378 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of VICI Properties by 28.1% in the fourth quarter. BNP Paribas Financial Markets now owns 2,143,006 shares of the company's stock worth $62,597,000 after purchasing an additional 469,776 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of VICI Properties by 2.0% in the fourth quarter. Ameriprise Financial Inc. now owns 2,792,101 shares of the company's stock valued at $75,773,000 after purchasing an additional 55,835 shares in the last quarter. AXA S.A. boosted its position in shares of VICI Properties by 19.5% during the fourth quarter. AXA S.A. now owns 129,617 shares of the company's stock valued at $3,786,000 after buying an additional 21,147 shares during the last quarter. Finally, DoubleLine ETF Adviser LP grew its holdings in VICI Properties by 0.7% during the fourth quarter. DoubleLine ETF Adviser LP now owns 75,183 shares of the company's stock worth $2,196,000 after buying an additional 546 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on VICI shares. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Barclays boosted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. JMP Securities reiterated a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Mizuho upped their target price on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Finally, Truist Financial lifted their price target on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $35.07.

VICI Properties Stock Performance

Shares of NYSE VICI traded up $0.31 during midday trading on Friday, hitting $31.89. The company's stock had a trading volume of 4,477,494 shares, compared to its average volume of 6,010,750. VICI Properties Inc. has a one year low of $27.53 and a one year high of $34.29. The firm has a market capitalization of $33.70 billion, a price-to-earnings ratio of 12.46, a P/E/G ratio of 3.88 and a beta of 0.74. 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 stock has a fifty day moving average price of $31.81 and a 200 day moving average price of $31.09.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. The business had revenue of $984.20 million for the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 EPS. On average, research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is 69.20%.

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.