Cresset Asset Management LLC Sells 28,643 Shares of VICI Properties Inc. (NYSE:VICI)

Cresset Asset Management LLC lessened its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 74.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,061 shares of the company's stock after selling 28,643 shares during the period. Cresset Asset Management LLC's holdings in VICI Properties were worth $298,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Transce3nd LLC bought a new stake in VICI Properties during the 4th quarter worth approximately $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 worth $32,000 after buying an additional 431 shares during the last quarter. Quarry LP increased its holdings in shares of VICI Properties by 404.1% in the 4th quarter. Quarry LP now owns 1,119 shares of the company's stock worth $33,000 after buying an additional 897 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of VICI Properties in the 4th quarter worth $33,000. Finally, Whipplewood Advisors LLC bought a new position in shares of VICI Properties in the 4th quarter worth $40,000. Institutional investors own 97.71% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Robert W. Baird increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. JMP Securities reissued a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Mizuho increased their price target on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Barclays increased 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. Finally, Wells Fargo & Company increased their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $35.18.

VICI Properties Trading Down 0.7%

Shares of VICI stock traded down $0.23 on Tuesday, hitting $31.92. 4,050,916 shares of the company's stock traded hands, compared to its average volume of 5,987,969. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a one year low of $27.53 and a one year high of $34.29. The company's fifty day simple moving average is $31.73 and its 200 day simple moving average is $31.05. The stock has a market capitalization of $33.73 billion, a price-to-earnings ratio of 12.47, a P/E/G ratio of 3.88 and a beta of 0.74.

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

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.42%. VICI Properties's payout ratio is currently 69.20%.

VICI Properties Company 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.