TD Asset Management Inc Trims Stock Position in VICI Properties Inc. (NYSE:VICI)

TD Asset Management Inc lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 8.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 655,868 shares of the company's stock after selling 57,999 shares during the period. TD Asset Management Inc owned approximately 0.06% of VICI Properties worth $21,394,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wayfinding Financial LLC acquired a new position in VICI Properties during the first quarter worth $29,000. Transce3nd LLC acquired a new position in VICI Properties during the fourth quarter worth $28,000. AdvisorNet Financial Inc grew its holdings in VICI Properties by 362.2% during the first quarter. AdvisorNet Financial Inc now owns 1,003 shares of the company's stock worth $33,000 after acquiring an additional 786 shares during the period. CoreCap Advisors LLC grew its holdings in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock worth $30,000 after acquiring an additional 1,000 shares during the period. Finally, Quarry LP grew its holdings in VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after purchasing an additional 897 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Wall Street Analyst Weigh In

VICI has been the topic of several research reports. 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 upped their target price on VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. JMP Securities set a $35.00 target price on VICI Properties in a report on Tuesday, July 22nd. Stifel Nicolaus upped their target price on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a report on Thursday. Finally, Morgan Stanley upped their target price on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $35.40.

VICI Properties Price Performance

Shares of NYSE:VICI traded up $0.50 on Friday, hitting $33.10. The company had a trading volume of 8,681,818 shares, compared to its average volume of 6,793,335. The company has a current ratio of 2.53, a quick ratio of 2.53 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 business has a 50 day moving average of $32.54 and a 200 day moving average of $31.70. The company has a market cap of $34.98 billion, a PE ratio of 12.68, a PEG ratio of 4.17 and a beta of 0.70.

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 (EPS) for the quarter, meeting the consensus estimate of $0.60. VICI Properties had a return on equity of 10.27% and a net margin of 70.20%. The business had revenue of $1 billion for the quarter, compared to the consensus estimate of $991.59 million. During the same period in the prior year, the business earned $0.57 earnings per share. The business's revenue was up 4.6% on a year-over-year basis. As a group, equities analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were given a dividend of $0.4325 per share. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.2%. VICI Properties's dividend payout ratio is 66.28%.

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.