Naviter Wealth LLC Sells 12,725 Shares of VICI Properties Inc. (NYSE:VICI)

Naviter Wealth LLC lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 17.2% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 61,249 shares of the company’s stock after selling 12,725 shares during the period. Naviter Wealth LLC’s holdings in VICI Properties were worth $1,816,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of VICI. Larson Financial Group LLC raised its position in shares of VICI Properties by 16.3% during the 4th quarter. Larson Financial Group LLC now owns 72,358 shares of the company’s stock valued at $2,114,000 after purchasing an additional 10,158 shares during the period. PNC Financial Services Group Inc. increased its stake in VICI Properties by 7.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 101,424 shares of the company’s stock worth $2,963,000 after buying an additional 7,096 shares in the last quarter. Andra AP fonden raised its holdings in VICI Properties by 38.5% during the fourth quarter. Andra AP fonden now owns 468,100 shares of the company’s stock valued at $13,673,000 after acquiring an additional 130,100 shares during the period. Edgestream Partners L.P. purchased a new position in shares of VICI Properties in the fourth quarter valued at about $1,586,000. Finally, Ashton Thomas Private Wealth LLC boosted its stake in shares of VICI Properties by 7.3% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 32,634 shares of the company’s stock worth $967,000 after acquiring an additional 2,232 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI stock opened at $32.65 on Friday. The firm has a 50-day simple moving average of $30.22 and a two-hundred day simple moving average of $31.49. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The firm has a market cap of $34.49 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) 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). The firm had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, equities analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.30%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 67.58%.

Analysts Set New Price Targets

VICI has been the topic of several recent analyst reports. Barclays lifted their target price on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Mizuho lowered their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus raised their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.30.

VICI Properties Company 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.