Gerber Kawasaki Wealth & Investment Management Has $12.19 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Gerber Kawasaki Wealth & Investment Management trimmed its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 4.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 417,388 shares of the company's stock after selling 20,418 shares during the period. Gerber Kawasaki Wealth & Investment Management's holdings in VICI Properties were worth $12,192,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VICI. Transce3nd LLC acquired a new stake in shares of VICI Properties in the fourth quarter worth $28,000. Venturi Wealth Management LLC lifted its position in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after buying an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new position in VICI Properties during the 4th quarter worth about $33,000. Whipplewood Advisors LLC acquired a new position in VICI Properties during the 4th quarter worth about $40,000. Finally, Cromwell Holdings LLC lifted its position in VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after buying an additional 494 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Down 0.2 %

Shares of VICI stock traded down $0.08 on Wednesday, hitting $32.18. The stock had a trading volume of 3,178,161 shares, compared to its average volume of 6,016,028. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The firm has a market cap of $34.00 billion, a P/E ratio of 12.57, a PEG ratio of 3.88 and a beta of 0.70. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a fifty day moving average price of $31.90 and a two-hundred day moving average price of $31.14.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.57 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 the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.4325 dividend. 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 currently 67.58%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on VICI. Wells Fargo & Company upped their price target 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. Barclays upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research report on Tuesday, March 4th. Truist Financial upped their target price 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. JMP Securities restated a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Finally, Stifel Nicolaus upped their target price on shares of VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research report on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of "Moderate Buy" and an average price target of $34.93.

VICI Properties Profile

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.