VICI Properties Inc. (NYSE:VICI) Shares Sold by Mizuho Securities USA LLC

Key Points

• Mizuho Securities USA LLC has reduced its stake in VICI Properties Inc. by 15.5%, now holding 84,407 shares valued at approximately $2.75 million.
• Analysts have increased their price targets for VICI Properties, with estimates ranging from $34.75 to $38.00, and many analysts giving the stock a "buy" rating.
• VICI Properties recently declared a quarterly dividend of $0.4325 per share, reflecting an annual yield of 5.3% and a payout ratio of 66.28%.

Mizuho Securities USA LLC trimmed its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 15.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 84,407 shares of the company's stock after selling 15,505 shares during the quarter. Mizuho Securities USA LLC's holdings in VICI Properties were worth $2,753,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Berger Financial Group Inc boosted its holdings in VICI Properties by 19.2% in the 1st quarter. Berger Financial Group Inc now owns 189,096 shares of the company's stock valued at $6,168,000 after purchasing an additional 30,515 shares during the period. Covestor Ltd grew its holdings in shares of VICI Properties by 12.0% in the 1st quarter. Covestor Ltd now owns 11,777 shares of the company's stock worth $384,000 after purchasing an additional 1,260 shares during the last quarter. Donoghue Forlines LLC bought a new stake in VICI Properties during the 1st quarter worth about $1,479,000. Townsquare Capital LLC boosted its stake in shares of VICI Properties by 50.3% in the 1st quarter. Townsquare Capital LLC now owns 40,953 shares of the company's stock valued at $1,336,000 after purchasing an additional 13,705 shares during the last quarter. Finally, Zions Bancorporation National Association UT bought a new position in shares of VICI Properties in the 1st quarter valued at about $59,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

VICI has been the topic of a number of analyst reports. Morgan Stanley increased their price target on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 8th. Citigroup restated a "market outperform" rating on shares of VICI Properties in a research note on Tuesday, July 22nd. JMP Securities set a $35.00 price target on shares of VICI Properties in a research note on Tuesday, July 22nd. Stifel Nicolaus increased their price objective on shares of VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Robert W. Baird upped their price target 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. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, VICI Properties 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 down $0.40 during mid-day trading on Thursday, reaching $32.60. The stock had a trading volume of 5,052,913 shares, compared to its average volume of 6,768,874. The business's 50 day moving average price is $32.81 and its 200 day moving average price is $31.93. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 1 year low of $27.98 and a 1 year high of $34.29. The company has a market cap of $34.77 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 3.29 and a beta of 0.68.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.60. The company had revenue of $1 billion for the quarter, compared to analysts' expectations of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%. VICI Properties's revenue was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 earnings per share. Research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Investors of record on Wednesday, June 18th were paid a $0.4325 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.3%. VICI Properties's dividend payout ratio (DPR) 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.