USS Investment Management Ltd Cuts Stake in VICI Properties Inc. (NYSE:VICI)

USS Investment Management Ltd reduced its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 19.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 224,368 shares of the company's stock after selling 53,691 shares during the period. USS Investment Management Ltd's holdings in VICI Properties were worth $6,553,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in VICI. D.A. Davidson & CO. increased its position in shares of VICI Properties by 3.2% in the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock worth $321,000 after purchasing an additional 340 shares during the last quarter. Carret Asset Management LLC boosted its position in shares of VICI Properties by 0.5% during the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock worth $2,034,000 after buying an additional 354 shares during the period. Sheaff Brock Investment Advisors LLC grew its stake in shares of VICI Properties by 0.9% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock worth $1,206,000 after purchasing an additional 372 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in shares of VICI Properties by 3.1% in 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 during the period. Finally, V Square Quantitative Management LLC lifted its holdings in shares of VICI Properties by 3.3% in the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock valued at $357,000 after buying an additional 391 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Stock Down 1.7%

VICI opened at $31.37 on Thursday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $33.14 billion, a price-to-earnings ratio of 12.25, a P/E/G ratio of 3.88 and a beta of 0.74. The business has a 50 day moving average of $31.72 and a 200-day moving average of $31.06. VICI Properties Inc. has a 1-year low of $27.53 and a 1-year high of $34.29.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business had revenue of $984.20 million for the quarter, compared to analysts' expectations of $976.51 million. During the same period in the previous year, the business posted $0.56 earnings per share. VICI Properties's quarterly revenue was up 3.4% on a year-over-year basis. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.52%. VICI Properties's payout ratio is presently 69.20%.

Analysts Set New Price Targets

VICI has been the topic of a number of research reports. 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 report on Monday, March 10th. Truist Financial upped their target price on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a report on Wednesday, April 23rd. Mizuho increased their price objective on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Stifel Nicolaus raised their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.18.

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.

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