ING Groep NV trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 75.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 42,526 shares of the company's stock after selling 127,862 shares during the period. ING Groep NV's holdings in VICI Properties were worth $1,387,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in VICI. Transce3nd LLC bought a new position in VICI Properties in the 4th quarter valued at approximately $28,000. Wayfinding Financial LLC purchased a new stake in VICI Properties during the 1st quarter valued at $29,000. CoreCap Advisors LLC raised its stake in VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after buying an additional 1,000 shares during the last quarter. Quarry LP increased its stake in shares of 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 purchasing an additional 897 shares in the last quarter. Finally, AdvisorNet Financial Inc increased its stake in shares of 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 purchasing an additional 786 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.
VICI Properties Trading Down 0.3%
NYSE VICI traded down $0.11 during trading hours on Friday, hitting $32.90. 4,523,701 shares of the company were exchanged, compared to its average volume of 6,251,571. The stock has a 50-day moving average price of $32.74 and a 200 day moving average price of $31.86. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 52 week low of $27.98 and a 52 week high of $34.29. The stock has a market cap of $35.08 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.30 and a beta of 0.68.
VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%. The firm's revenue for the quarter was up 4.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.57 earnings per share. Analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.
VICI Properties Announces Dividend
The company also recently disclosed 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 of this dividend was Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.3%. VICI Properties's dividend payout ratio (DPR) is presently 66.28%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on VICI. JMP Securities set a $35.00 target price on shares of VICI Properties in a report on Tuesday, July 22nd. Truist Financial upped their target price 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. Citigroup reaffirmed a "market outperform" rating on shares of VICI Properties in a report on Tuesday, July 22nd. Stifel Nicolaus upped 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. Finally, Morgan Stanley upped 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. Three research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $35.40.
View Our Latest Analysis on VICI Properties
VICI Properties Company Profile
(
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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