Deroy & Devereaux Private Investment Counsel Inc. Has $372,000 Stock Position in VICI Properties Inc. (NYSE:VICI)

Deroy & Devereaux Private Investment Counsel Inc. trimmed its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 98.0% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 11,412 shares of the company's stock after selling 549,070 shares during the period. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in VICI Properties were worth $372,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. DigitalBridge Group Inc. purchased a new stake in shares of VICI Properties during the fourth quarter worth $4,282,000. Atria Investments Inc increased its position in shares of VICI Properties by 86.6% during the fourth quarter. Atria Investments Inc now owns 49,341 shares of the company's stock worth $1,441,000 after acquiring an additional 22,897 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of VICI Properties by 20.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,058,388 shares of the company's stock worth $30,916,000 after acquiring an additional 180,961 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of VICI Properties during the fourth quarter worth $2,773,000. Finally, Capital Investment Advisors LLC increased its position in shares of VICI Properties by 6.3% during the first quarter. Capital Investment Advisors LLC now owns 360,465 shares of the company's stock worth $11,758,000 after acquiring an additional 21,398 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VICI shares. Mizuho increased 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. Stifel Nicolaus increased their target price on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday, May 1st. Robert W. Baird increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company increased their target price on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Finally, Truist Financial increased 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. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, VICI Properties currently has an average rating of "Moderate Buy" and a consensus price target of $35.42.

VICI Properties Stock Down 1.7%

NYSE:VICI traded down $0.57 on Monday, reaching $32.86. The stock had a trading volume of 4,780,691 shares, compared to its average volume of 5,933,458. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62. The company has a 50-day moving average of $32.03 and a 200 day moving average of $31.23. The stock has a market cap of $34.72 billion, a P/E ratio of 13.14, a price-to-earnings-growth ratio of 3.84 and a beta of 0.70. VICI Properties Inc. has a 12-month low of $27.54 and a 12-month high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.58. The business had revenue of $984.20 million for the quarter, compared to analyst estimates of $976.51 million. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The company's revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.56 EPS. On average, research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be given a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.26%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is 69.20%.

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.