Vestmark Advisory Solutions Inc. Sells 4,561 Shares of VICI Properties Inc. (NYSE:VICI)

Vestmark Advisory Solutions Inc. cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 23.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,701 shares of the company’s stock after selling 4,561 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in VICI Properties were worth $429,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in VICI Properties by 599.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after purchasing an additional 7,658,819 shares during the period. Los Angeles Capital Management LLC boosted its stake in VICI Properties by 367.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after purchasing an additional 1,744,939 shares during the period. State Street Corp boosted its stake in VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after purchasing an additional 1,164,717 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in VICI Properties by 127.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company’s stock worth $50,099,000 after purchasing an additional 960,706 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after purchasing an additional 770,195 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VICI has been the subject of several recent analyst reports. Mizuho dropped their price target 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. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Truist Financial lowered their target price 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. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Finally, JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.30.

VICI Properties Stock Performance

VICI stock opened at $32.65 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The business’s fifty day simple moving average is $30.22 and its two-hundred day simple moving average is $31.49. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month 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 released its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share 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 business had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. Analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

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

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.