KBC Group NV Reduces Holdings in VICI Properties Inc. (NYSE:VICI)

KBC Group NV reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 53.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 161,237 shares of the company's stock after selling 184,141 shares during the quarter. KBC Group NV's holdings in VICI Properties were worth $5,259,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Transce3nd LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at about $28,000. CoreCap Advisors LLC grew its position in VICI Properties by 5,555.6% during the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after buying an additional 1,000 shares during the period. Quarry LP increased its holdings in VICI Properties by 404.1% during the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after buying an additional 897 shares during the last quarter. AdvisorNet Financial Inc increased 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 valued at $33,000 after buying an additional 786 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in VICI Properties in the fourth quarter worth approximately $42,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

VICI stock traded up $0.02 during mid-day trading on Thursday, hitting $33.33. The company had a trading volume of 2,842,812 shares, compared to its average volume of 5,924,220. The company has a 50-day moving average price of $31.98 and a 200 day moving average price of $31.13. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The company has a market capitalization of $35.22 billion, a price-to-earnings ratio of 13.33, a P/E/G ratio of 3.06 and a beta of 0.70. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62.

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, hitting the consensus estimate of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The firm 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 firm posted $0.56 earnings per share. The business's revenue was up 3.4% compared to the same quarter last year. On average, research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date of this dividend is Wednesday, June 18th. VICI Properties's payout ratio is 69.20%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial boosted their price objective on shares of 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 VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Robert W. Baird lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Wells Fargo & Company boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Finally, Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $35.42.

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.