Voloridge Investment Management LLC lowered its stake 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 SEC. The fund owned 483,518 shares of the company's stock after selling 963,493 shares during the period. Voloridge Investment Management LLC's holdings in VICI Properties were worth $14,124,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the stock. Transce3nd LLC bought a new position in VICI Properties during the fourth quarter worth about $28,000. CoreCap Advisors LLC raised its stake in shares of VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company's stock valued at $30,000 after acquiring an additional 1,000 shares during the last quarter. Venturi Wealth Management LLC raised its stake in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after acquiring an additional 431 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of VICI Properties in the fourth quarter valued at approximately $33,000. Finally, Quarry LP raised its stake in shares of VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company's stock valued at $33,000 after acquiring an additional 897 shares during the last quarter. Institutional investors own 97.71% of the company's stock.
VICI Properties Trading Up 0.9%
Shares of VICI Properties stock traded up $0.28 during trading on Tuesday, hitting $31.75. The company's stock had a trading volume of 5,866,076 shares, compared to its average volume of 6,005,192. VICI Properties Inc. has a 52 week low of $27.53 and a 52 week high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market cap of $33.55 billion, a price-to-earnings ratio of 12.40, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. The stock has a 50-day moving average price of $31.65 and a two-hundred day moving average price of $31.05.
VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 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 quarter in the previous year, the business earned $0.56 earnings per share. Equities research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.
VICI Properties Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.45%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is currently 69.20%.
Analyst Ratings Changes
A number of research firms have recently issued reports on VICI. Truist Financial lifted their target price on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Wells Fargo & Company boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Robert W. Baird boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Barclays boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $35.18.
Read Our Latest Stock Report on VICI
About VICI Properties
(
Free Report)
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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