Voloridge Investment Management LLC Sells 963,493 Shares of VICI Properties Inc. (NYSE:VICI)

Voloridge Investment Management LLC lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 66.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 483,518 shares of the company's stock after selling 963,493 shares during the quarter. Voloridge Investment Management LLC's holdings in VICI Properties were worth $14,124,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Woodline Partners LP bought a new position in VICI Properties in the 4th quarter worth about $1,842,000. Vident Advisory LLC grew its stake in VICI Properties by 130.6% during the fourth quarter. Vident Advisory LLC now owns 28,690 shares of the company's stock valued at $838,000 after acquiring an additional 16,248 shares in the last quarter. Sophron Capital Management L.P. bought a new position in shares of VICI Properties in the fourth quarter worth $13,611,000. Twinbeech Capital LP purchased a new stake in shares of VICI Properties in the fourth quarter worth $4,588,000. Finally, Strategic Global Advisors LLC boosted its stake in VICI Properties by 5.8% during the fourth quarter. Strategic Global Advisors LLC now owns 37,770 shares of the company's stock valued at $1,103,000 after buying an additional 2,056 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

VICI has been the topic of several recent analyst reports. Wells Fargo & Company raised their price target on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Truist Financial boosted their price target on shares of VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Wednesday, April 23rd. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Mizuho lifted their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Finally, 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 research note on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, VICI Properties has a consensus rating of "Moderate Buy" and an average target price of $35.18.

VICI Properties Trading Down 0.7%

VICI stock traded down $0.21 during trading on Wednesday, reaching $31.54. The company had a trading volume of 4,501,093 shares, compared to its average volume of 5,999,206. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a 52 week low of $27.53 and a 52 week high of $34.29. The business has a 50 day moving average of $31.65 and a 200 day moving average of $31.05. The company has a market cap of $33.33 billion, a P/E ratio of 12.32, a PEG ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting analysts' consensus estimates of $0.58. The firm had revenue of $984.20 million for 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%. The company's quarterly revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.56 EPS. As a group, sell-side analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.49%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is 69.20%.

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.