VICI Properties Inc. (NYSE:VICI) Shares Sold by First Hawaiian Bank

First Hawaiian Bank lowered its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 24.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,725 shares of the company's stock after selling 11,921 shares during the quarter. First Hawaiian Bank's holdings in VICI Properties were worth $1,231,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. D.A. Davidson & CO. raised its stake in shares of VICI Properties by 3.2% during the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock worth $321,000 after acquiring an additional 340 shares in the last quarter. Carret Asset Management LLC raised its stake in shares of VICI Properties by 0.5% during the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock worth $2,034,000 after acquiring an additional 354 shares in the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of VICI Properties by 0.9% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock worth $1,206,000 after acquiring an additional 372 shares in the last quarter. Benjamin Edwards Inc. raised its stake in shares of VICI Properties by 3.1% during 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 in the last quarter. Finally, V Square Quantitative Management LLC raised its stake in shares of VICI Properties by 3.3% during the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock worth $357,000 after acquiring an additional 391 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Stock Performance

Shares of VICI Properties stock traded up $0.05 during trading on Monday, hitting $31.76. 4,292,078 shares of the company's stock were exchanged, compared to its average volume of 5,950,353. The stock has a market capitalization of $33.56 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 3.88 and a beta of 0.74. The business has a 50-day simple moving average of $31.64 and a 200-day simple moving average of $31.06. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29. 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 (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts' consensus estimates of $0.58. The business had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. On average, research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts recently commented on VICI shares. Mizuho boosted their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research note on Thursday, April 3rd. Truist Financial boosted their target price on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Stifel Nicolaus boosted their target price on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wells Fargo & Company boosted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Finally, Robert W. Baird boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $35.18.

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.