Barrow Hanley Mewhinney & Strauss LLC Trims Stock Position in VICI Properties Inc. (NYSE:VICI)

Barrow Hanley Mewhinney & Strauss LLC lessened its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,569,319 shares of the company's stock after selling 314,110 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 1.19% of VICI Properties worth $367,150,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in VICI. Transce3nd LLC bought a new position in VICI Properties during the fourth quarter worth about $28,000. CoreCap Advisors LLC lifted its stake in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after purchasing an additional 1,000 shares during the period. Venturi Wealth Management LLC lifted its stake in 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 purchasing an additional 431 shares during the period. Quarry LP raised its stake in shares of VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after acquiring an additional 897 shares during the last quarter. Finally, Kestra Investment Management LLC bought a new position in shares of VICI Properties in the fourth quarter valued at approximately $33,000. Institutional investors own 97.71% of the company's stock.

Analyst Ratings Changes

VICI has been the subject of a number of research analyst reports. Mizuho lifted their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Truist Financial lifted their target price on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Barclays lifted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. JMP Securities reiterated a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Finally, Stifel Nicolaus lifted their target price on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $35.18.

VICI Properties Price Performance

Shares of NYSE VICI traded up $0.28 during trading hours on Tuesday, hitting $31.75. 5,727,171 shares of the stock were exchanged, compared to its average volume of 6,005,191. 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 $33.55 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The company's fifty day simple moving average is $31.65 and its two-hundred day simple moving average is $31.05. VICI Properties Inc. has a 1-year low of $27.53 and a 1-year high of $34.29.

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

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.45%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio is currently 69.20%.

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.