Motco Sells 13,633 Shares of VICI Properties Inc. (NYSE:VICI)

Key Points

• Motco decreased its position in VICI Properties by 9.9%, selling 13,633 shares, leaving it with 124,695 shares worth approximately $4.07 million.
• VICI Properties recently reported a net margin of 67.81% and quarterly earnings of $0.58 per share, meeting analysts' expectations despite a 3.4% year-over-year revenue increase to $984.20 million.
• The company has a current dividend yield of 5.18%, with shareholders recently receiving a quarterly dividend of $0.4325 per share, representing an annual payout ratio of 69.20%.

Motco lessened its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 9.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,695 shares of the company's stock after selling 13,633 shares during the quarter. Motco's holdings in VICI Properties were worth $4,068,000 as of its most recent SEC filing.

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

VICI Properties Trading Up 0.4%

VICI traded up $0.14 during mid-day trading on Wednesday, hitting $33.01. The stock had a trading volume of 2,006,966 shares, compared to its average volume of 6,740,786. VICI Properties Inc. has a 1-year low of $27.98 and a 1-year high of $34.29. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53. The stock's fifty day simple moving average is $32.49 and its 200-day simple moving average is $31.67. The firm has a market capitalization of $34.88 billion, a price-to-earnings ratio of 13.20, a price-to-earnings-growth ratio of 4.17 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results 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 the consensus estimate of $976.51 million. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The firm's revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.56 earnings per share. As a group, research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is presently 69.20%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus upped their target price on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research note on Thursday, May 1st. Mizuho upped their target price on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Robert W. Baird upped their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. JMP Securities set a $35.00 target price on VICI Properties in a research note on Tuesday, July 22nd. Finally, Truist Financial upped their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $35.38.

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.