Tower Research Capital LLC TRC lowered its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 61.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,639 shares of the company's stock after selling 60,858 shares during the period. Tower Research Capital LLC TRC's holdings in VICI Properties were worth $1,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently modified their holdings of VICI. Transce3nd LLC bought a new stake in VICI Properties in the 4th quarter worth approximately $28,000. Venturi Wealth Management LLC increased its position in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in VICI Properties during the fourth quarter valued at $33,000. Whipplewood Advisors LLC purchased a new stake in VICI Properties during the fourth quarter valued at $40,000. Finally, Cromwell Holdings LLC lifted 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 valued at $61,000 after purchasing an additional 494 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.
VICI Properties Trading Down 0.1 %
Shares of VICI traded down $0.04 during trading hours on Tuesday, reaching $32.21. 1,440,290 shares of the company traded hands, compared to its average volume of 6,003,344. The firm has a market cap of $34.03 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The stock's fifty day moving average price is $31.87 and its 200 day moving average price is $31.14. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.
VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data 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 analysts' expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Sell-side analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.
VICI Properties Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.
Analysts Set New Price Targets
VICI has been the topic of several recent research reports. Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Truist Financial upped their price objective on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research report on Wednesday, April 23rd. Mizuho lifted their target price on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. JMP Securities restated a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Finally, Wells Fargo & Company lifted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research note on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, VICI Properties has a consensus rating of "Moderate Buy" and a consensus target price of $34.93.
Read Our Latest Analysis on VICI
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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