VICI Properties Inc. (NYSE:VICI) Stock Position Decreased by Point72 Asset Management L.P.

Point72 Asset Management L.P. cut its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 31.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,432 shares of the company's stock after selling 29,587 shares during the period. Point72 Asset Management L.P.'s holdings in VICI Properties were worth $1,853,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Atria Wealth Solutions Inc. boosted its stake in VICI Properties by 145.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock worth $1,189,000 after purchasing an additional 24,159 shares during the period. Oxbow Advisors LLC purchased a new stake in shares of VICI Properties in the fourth quarter valued at $3,817,000. Merit Financial Group LLC acquired a new stake in shares of VICI Properties in the fourth quarter worth $693,000. Kestra Private Wealth Services LLC grew its holdings in shares of VICI Properties by 67.8% during the fourth quarter. Kestra Private Wealth Services LLC now owns 33,395 shares of the company's stock valued at $975,000 after buying an additional 13,491 shares in the last quarter. Finally, Atria Investments Inc grew its holdings 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 valued at $1,441,000 after buying an additional 22,897 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of VICI opened at $31.37 on Thursday. The company's fifty day moving average is $31.72 and its 200-day moving average is $31.06. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29. The firm has a market cap of $33.14 billion, a price-to-earnings ratio of 12.25, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

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 analysts' consensus estimates of $0.58. The firm had revenue of $984.20 million during the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. VICI Properties's revenue for the quarter was up 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. Equities analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

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

Analyst Upgrades and Downgrades

VICI has been the subject of a number of research reports. JMP Securities restated a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Barclays raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Wells Fargo & Company upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Robert W. Baird lifted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus upped their price target on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $35.18.

VICI Properties 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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