Centersquare Investment Management LLC Lowers Stake in VICI Properties Inc. (NYSE:VICI)

Key Points

• Centersquare Investment Management LLC reduced its holdings in VICI Properties by 51.5%, currently owning approximately 3.94 million shares valued at about $128.6 million.
• Institutional and hedge fund ownership of VICI Properties is high, with nearly 97.71% of the stock owned by these entities, including recent significant increases by several firms.
• In quarterly earnings, VICI Properties met analyst expectations with $0.60 earnings per share and reported a 4.6% revenue increase compared to the previous year, totaling $1 billion.

Centersquare Investment Management LLC lessened its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 51.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,941,964 shares of the company's stock after selling 4,178,023 shares during the period. VICI Properties comprises 1.3% of Centersquare Investment Management LLC's holdings, making the stock its 25th largest position. Centersquare Investment Management LLC owned approximately 0.37% of VICI Properties worth $128,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Transce3nd LLC acquired a new stake in VICI Properties in the 4th quarter valued at about $28,000. Wayfinding Financial LLC bought a new position in shares of VICI Properties during the first quarter worth approximately $29,000. CoreCap Advisors LLC increased its holdings in shares of 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. Quarry LP increased its stake in 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, AdvisorNet Financial Inc increased its stake in VICI Properties by 362.2% in the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock valued at $33,000 after acquiring an additional 786 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Down 0.3%

VICI stock traded down $0.11 during trading on Friday, reaching $32.90. The stock had a trading volume of 4,523,701 shares, compared to its average volume of 6,251,571. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.29. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The company's 50 day moving average is $32.74 and its two-hundred day moving average is $31.86. The company has a market capitalization of $35.08 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 3.30 and a beta of 0.68.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, meeting analysts' consensus estimates of $0.60. VICI Properties had a net margin of 70.20% and a return on equity of 10.21%. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $991.59 million. During the same period in the prior year, the firm earned $0.57 EPS. The company's revenue was up 4.6% compared to the same quarter last year. Equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a $0.4325 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.3%. VICI Properties's dividend payout ratio is currently 66.28%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VICI. Robert W. Baird raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Citigroup reissued a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. Truist Financial boosted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. JMP Securities set a $35.00 target price on shares of VICI Properties in a report on Tuesday, July 22nd. Finally, Morgan Stanley increased their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 8th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $35.40.

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.