Tidal Investments LLC Has $1.30 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

Tidal Investments LLC lowered its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 15.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 44,549 shares of the company's stock after selling 8,129 shares during the period. Tidal Investments LLC's holdings in VICI Properties were worth $1,301,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in shares of VICI Properties by 3.3% during the fourth quarter. Fifth Third Bancorp now owns 45,958 shares of the company's stock worth $1,342,000 after buying an additional 1,462 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in VICI Properties by 6.3% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 122,073 shares of the company's stock worth $3,566,000 after acquiring an additional 7,260 shares during the period. Kingswood Wealth Advisors LLC acquired a new stake in VICI Properties in the 4th quarter worth about $233,000. Blue Trust Inc. boosted its holdings in VICI Properties by 48.1% in the 4th quarter. Blue Trust Inc. now owns 5,221 shares of the company's stock valued at $153,000 after purchasing an additional 1,695 shares during the period. Finally, Center For Asset Management LLC boosted its holdings in VICI Properties by 2.3% in the 4th quarter. Center For Asset Management LLC now owns 19,246 shares of the company's stock valued at $562,000 after purchasing an additional 426 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VICI has been the subject of a number of analyst reports. Barclays lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. 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 report on Wednesday, April 23rd. Mizuho upped their price target on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Robert W. Baird raised their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Wells Fargo & Company upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $35.18.

VICI Properties Trading Down 0.5%

Shares of VICI stock traded down $0.17 during mid-day trading on Friday, hitting $31.51. The company's stock had a trading volume of 792,646 shares, compared to its average volume of 5,960,779. The company's fifty day simple moving average is $31.64 and its 200-day simple moving average is $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 market cap of $33.29 billion, a PE ratio of 12.32, a P/E/G ratio of 3.88 and a beta of 0.74. 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 posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.58. The firm had revenue of $984.20 million for the quarter, compared to analysts' expectations 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 for the quarter was up 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.56 EPS. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.49%. The ex-dividend date was Thursday, March 20th. VICI Properties's payout ratio is 69.20%.

About VICI Properties

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.