First Trust Advisors LP cut its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 776,304 shares of the company's stock after selling 57,632 shares during the quarter. First Trust Advisors LP owned 0.07% of VICI Properties worth $22,676,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Geode Capital Management LLC raised its holdings in VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock worth $860,107,000 after buying an additional 1,036,344 shares during the period. Principal Financial Group Inc. raised its holdings in shares of VICI Properties by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock valued at $706,962,000 after acquiring an additional 130,659 shares during the period. Norges Bank acquired a new position in VICI Properties in the 4th quarter worth approximately $419,932,000. Invesco Ltd. grew its position in VICI Properties by 5.4% during the 4th quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock worth $391,824,000 after purchasing an additional 692,092 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in VICI Properties by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company's stock valued at $356,635,000 after purchasing an additional 385,649 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.
VICI Properties Stock Performance
NYSE VICI traded down $0.11 during trading on Tuesday, hitting $32.13. The company's stock had a trading volume of 1,213,374 shares, compared to its average volume of 6,001,682. The firm has a 50 day moving average price of $31.87 and a 200 day moving average price of $31.14. The firm has a market cap of $33.95 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. 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 Inc. has a 52 week low of $27.53 and a 52 week high of $34.29.
VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). The company had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.
VICI Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.38%. VICI Properties's dividend payout ratio is 67.58%.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on VICI shares. Barclays raised their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. JMP Securities reiterated a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Truist Financial boosted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Wedbush downgraded shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Finally, Mizuho boosted their price target on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a report on Thursday, April 3rd. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $34.93.
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VICI Properties Profile
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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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