Burling Wealth Partners LLC trimmed its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 26.1% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 71,309 shares of the company's stock after selling 25,229 shares during the period. Burling Wealth Partners LLC's holdings in VICI Properties were worth $2,326,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of VICI. Commerzbank Aktiengesellschaft FI increased its stake in VICI Properties by 3.0% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 60,052 shares of the company's stock valued at $1,959,000 after acquiring an additional 1,771 shares during the period. Graypoint LLC bought a new stake in VICI Properties during the first quarter worth about $282,000. Cullen Frost Bankers Inc. grew its stake in VICI Properties by 8.5% during the first quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company's stock worth $150,000 after buying an additional 359 shares during the last quarter. Tectonic Advisors LLC grew its stake in VICI Properties by 9.7% during the first quarter. Tectonic Advisors LLC now owns 260,313 shares of the company's stock worth $8,491,000 after buying an additional 23,063 shares during the last quarter. Finally, Larson Financial Group LLC grew its stake in VICI Properties by 9.2% during the first quarter. Larson Financial Group LLC now owns 79,030 shares of the company's stock worth $2,578,000 after buying an additional 6,672 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on the stock. 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 research report on Wednesday, April 23rd. Mizuho upped their target price on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. 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 research report on Tuesday, July 8th. Stifel Nicolaus upped their target price on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Robert W. Baird upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, VICI Properties has a consensus rating of "Moderate Buy" and a consensus target price of $35.38.
View Our Latest Analysis on VICI
VICI Properties Stock Up 0.2%
Shares of VICI stock traded up $0.05 during trading hours on Friday, hitting $32.89. 6,091,798 shares of the company were exchanged, compared to its average volume of 5,891,934. The business has a 50 day moving average of $32.26 and a two-hundred day moving average of $31.43. 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 company has a market capitalization of $34.76 billion, a PE ratio of 13.16, a PEG ratio of 3.79 and a beta of 0.70.
VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The company 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 was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.56 earnings per share. Analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement
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 $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date was Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is currently 69.20%.
About VICI Properties
(
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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