Marshall Wace LLP Reduces Stock Position in VICI Properties Inc. (NYSE:VICI)

Marshall Wace LLP cut its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 26.0% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,168,619 shares of the company's stock after selling 410,363 shares during the period. Marshall Wace LLP owned about 0.11% of VICI Properties worth $34,135,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC boosted its stake in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after buying an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new position in shares of VICI Properties during the 4th quarter valued at about $33,000. Whipplewood Advisors LLC purchased a new stake in shares of VICI Properties in the fourth quarter valued at about $40,000. Cromwell Holdings LLC increased its position in VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after purchasing an additional 494 shares during the last quarter. Finally, Promus Capital LLC purchased a new position in VICI Properties during the fourth quarter worth about $63,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Down 1.6 %

Shares of NYSE VICI traded down $0.53 during midday trading on Wednesday, hitting $32.44. The company's stock had a trading volume of 2,680,678 shares, compared to its average volume of 6,019,355. 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 firm has a market capitalization of $34.28 billion, a price-to-earnings ratio of 12.67, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The business's fifty day simple moving average is $31.71 and its two-hundred day simple moving average is $31.14. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year 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 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The business 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%. On average, equities analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.33%. The ex-dividend date was Thursday, March 20th. VICI Properties's payout ratio is presently 67.58%.

Analysts Set New Price Targets

Several research firms have recently weighed in on VICI. Barclays increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. Truist Financial lowered their price objective on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. JMP Securities restated a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Stifel Nicolaus increased their price target on VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $34.63.

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.