Xponance Inc. lowered its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 29.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 143,762 shares of the company's stock after selling 60,548 shares during the period. Xponance Inc.'s holdings in VICI Properties were worth $4,690,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Moran Wealth Management LLC grew its stake in shares of VICI Properties by 0.9% during the 1st quarter. Moran Wealth Management LLC now owns 40,578 shares of the company's stock worth $1,324,000 after purchasing an additional 360 shares during the period. Benjamin Edwards Inc. grew its stake in VICI Properties by 3.1% in the 4th quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock valued at $369,000 after acquiring an additional 378 shares during the last quarter. DAVENPORT & Co LLC grew its stake in VICI Properties by 3.9% in the 1st quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company's stock valued at $347,000 after acquiring an additional 403 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in VICI Properties by 0.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company's stock valued at $2,042,000 after acquiring an additional 408 shares during the last quarter. Finally, Beacon Investment Advisors LLC grew its stake in VICI Properties by 3.6% in the 4th quarter. Beacon Investment Advisors LLC now owns 12,515 shares of the company's stock valued at $366,000 after acquiring an additional 434 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.
VICI Properties Trading Down 0.2%
NYSE:VICI traded down $0.08 during trading hours on Wednesday, reaching $33.01. 6,522,339 shares of the company were exchanged, compared to its average volume of 5,909,800. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53. The firm has a market cap of $34.88 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 3.85 and a beta of 0.70. VICI Properties Inc. has a 52-week low of $27.98 and a 52-week high of $34.29. The stock has a 50 day simple moving average of $32.21 and a 200 day simple moving average of $31.39.
VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, hitting analysts' consensus estimates of $0.58. The company had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. VICI Properties's revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.56 earnings per share. As a group, analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.
VICI Properties Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date was Wednesday, June 18th. VICI Properties's dividend payout ratio is currently 69.20%.
Analysts Set New Price Targets
A number of brokerages recently commented on VICI. Truist Financial increased their price objective 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. Mizuho increased their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday, April 3rd. Robert W. Baird increased their price objective 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. Morgan Stanley increased their price objective on shares of VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Stifel Nicolaus increased their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the company 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $35.38.
Check Out Our Latest Analysis on VICI Properties
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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