State of Tennessee Department of Treasury Sells 14,045 Shares of VICI Properties Inc. (NYSE:VICI)

State of Tennessee Department of Treasury cut its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 288,020 shares of the company's stock after selling 14,045 shares during the period. State of Tennessee Department of Treasury's holdings in VICI Properties were worth $8,413,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Waterhouse Canada Inc. raised its position in VICI Properties by 129.1% in the fourth quarter. TD Waterhouse Canada Inc. now owns 3,631 shares of the company's stock worth $106,000 after acquiring an additional 2,046 shares during the period. Transce3nd LLC bought a new position in shares of VICI Properties in the fourth quarter worth about $28,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of VICI Properties by 3.8% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 56,935 shares of the company's stock valued at $1,663,000 after acquiring an additional 2,060 shares during the period. Lasalle Investment Management Securities LLC increased its holdings in VICI Properties by 3.3% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 3,047,469 shares of the company's stock worth $89,017,000 after acquiring an additional 98,452 shares in the last quarter. Finally, MML Investors Services LLC increased its holdings in VICI Properties by 16.0% in the 4th quarter. MML Investors Services LLC now owns 67,202 shares of the company's stock worth $1,963,000 after acquiring an additional 9,273 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Trading Down 0.3 %

Shares of VICI Properties stock traded down $0.09 on Monday, reaching $32.13. The company had a trading volume of 1,127,008 shares, compared to its average volume of 7,422,209. The firm's 50-day moving average price is $31.84 and its two-hundred day moving average price is $31.14. VICI Properties Inc. has a 1 year low of $27.53 and a 1 year high of $34.29. The firm has a market cap of $33.96 billion, a price-to-earnings ratio of 12.55, a P/E/G ratio of 3.88 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $976.05 million during the quarter, compared to analysts' expectations of $969.29 million. As a group, research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.38%. VICI Properties's payout ratio is 67.58%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on VICI shares. Barclays increased their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 4th. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Mizuho lifted their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a report on Thursday, March 27th. Finally, Truist Financial increased their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, VICI Properties currently has an average rating of "Moderate Buy" and an average target price 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.