VICI Properties Inc. (NYSE:VICI) Holdings Lowered by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lowered its stake in VICI Properties Inc. (NYSE:VICI) by 16.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 116,844 shares of the company’s stock after selling 23,090 shares during the quarter. Commonwealth Equity Services LLC’s holdings in VICI Properties were worth $3,413,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of VICI. D.A. Davidson & CO. increased its position in shares of VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after acquiring an additional 340 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in VICI Properties by 0.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock worth $1,206,000 after purchasing an additional 372 shares during the period. Continuum Advisory LLC raised its stake in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares during the period. V Square Quantitative Management LLC raised its stake in VICI Properties by 3.3% during the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock valued at $357,000 after purchasing an additional 391 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in shares of VICI Properties by 0.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company’s stock worth $2,042,000 after buying an additional 408 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $31.98 on Tuesday. The stock has a market capitalization of $33.79 billion, a P/E ratio of 12.49, a P/E/G ratio of 3.88 and a beta of 0.94. The business has a 50-day moving average of $30.90 and a two-hundred day moving average of $31.40. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. 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) last announced its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. On average, equities research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.41%. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. JMP Securities reissued a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Mizuho cut their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Finally, Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

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.