Braun Stacey Associates Inc. cut its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 596,171 shares of the company's stock after selling 62,098 shares during the quarter. Braun Stacey Associates Inc. owned approximately 0.06% of VICI Properties worth $19,447,000 as of its most recent SEC filing.
Other institutional investors also recently made changes to their positions in the company. Transce3nd LLC bought a new position in VICI Properties in the 4th quarter worth approximately $28,000. Wayfinding Financial LLC bought a new position in VICI Properties in the 1st quarter worth approximately $29,000. CoreCap Advisors LLC grew its holdings in VICI Properties by 5,555.6% in the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after buying an additional 1,000 shares in the last quarter. Quarry LP grew its holdings in 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 in the last quarter. Finally, AdvisorNet Financial Inc grew its holdings in VICI Properties by 362.2% in the 1st quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after buying an additional 786 shares in the last quarter. 97.71% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages recently issued reports on VICI. Truist Financial increased their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Mizuho increased their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Wells Fargo & Company increased their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Stifel Nicolaus increased their price target on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Robert W. Baird increased their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $35.42.
View Our Latest Report on VICI
VICI Properties Price Performance
Shares of NYSE:VICI traded up $0.02 on Friday, reaching $33.33. 2,842,812 shares of the company traded hands, compared to its average volume of 5,938,086. VICI Properties Inc. has a fifty-two week low of $27.54 and a fifty-two week high of $34.29. The company's 50 day moving average is $32.02 and its 200-day moving average is $31.18. The stock has a market capitalization of $35.22 billion, a PE ratio of 13.33, a P/E/G ratio of 3.84 and a beta of 0.70. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53.
VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The company had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. During the same quarter in the prior year, the firm earned $0.56 EPS. The company's quarterly revenue was up 3.4% compared to the same quarter last year. As a group, analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.4325 per share. The ex-dividend date is Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.19%. VICI Properties's dividend payout ratio (DPR) is presently 69.20%.
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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