Frank Rimerman Advisors LLC Has $836,000 Stake in VICI Properties Inc. (NYSE:VICI)

Key Points

• Frank Rimerman Advisors LLC sold 15,209 shares of VICI Properties Inc., reducing its stake by 37.2%, leaving it with 25,637 shares worth $836,000.
• Institutional investors now own 97.71% of VICI Properties, with Blackhawk Capital Partners increasing its position by 102.3% in the first quarter.
• VICI Properties announced a quarterly dividend of $0.4325 per share, equating to an annualized dividend yield of 5.3%.

Frank Rimerman Advisors LLC reduced its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 37.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,637 shares of the company's stock after selling 15,209 shares during the quarter. Frank Rimerman Advisors LLC's holdings in VICI Properties were worth $836,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Blackhawk Capital Partners LLC. increased its stake in VICI Properties by 102.3% in the 1st quarter. Blackhawk Capital Partners LLC. now owns 19,707 shares of the company's stock valued at $643,000 after buying an additional 9,967 shares during the period. DigitalBridge Group Inc. acquired a new position in shares of VICI Properties in the 4th quarter valued at $4,282,000. Prevail Innovative Wealth Advisors LLC acquired a new position in shares of VICI Properties in the 1st quarter valued at $2,170,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of VICI Properties during the 4th quarter worth about $2,773,000. Finally, Columbus Macro LLC increased its position in shares of VICI Properties by 7.8% during the 1st quarter. Columbus Macro LLC now owns 123,983 shares of the company's stock worth $4,044,000 after purchasing an additional 8,967 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on VICI shares. Truist Financial increased their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Wednesday, April 23rd. Stifel Nicolaus raised their target price on shares of VICI Properties from $34.75 to $35.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Morgan Stanley increased their target price on shares of VICI Properties from $33.00 to $35.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 8th. Robert W. Baird increased their target price 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. Finally, Citigroup restated a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $35.40.

VICI Properties Stock Performance

Shares of NYSE:VICI traded down $0.40 on Thursday, hitting $32.60. The company had a trading volume of 5,100,310 shares, compared to its average volume of 6,266,411. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. The stock has a market cap of $34.77 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 3.30 and a beta of 0.68. The stock has a 50 day moving average price of $32.84 and a 200 day moving average price of $31.95. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $991.59 million. During the same period in the previous year, the company earned $0.57 earnings per share. The company's quarterly revenue was up 4.6% on a year-over-year basis. Analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

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

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.