Cullen Frost Bankers Inc. Sells 350 Shares of VICI Properties Inc. (NYSE:VICI)

Cullen Frost Bankers Inc. lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 7.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,234 shares of the company’s stock after selling 350 shares during the period. Cullen Frost Bankers Inc.’s holdings in VICI Properties were worth $124,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VICI. M&G PLC acquired a new position in VICI Properties in the third quarter valued at about $383,000. Graypoint LLC bought a new position in VICI Properties in the 3rd quarter valued at about $208,000. Atria Investments Inc raised its position in shares of VICI Properties by 12.5% in the 3rd quarter. Atria Investments Inc now owns 26,444 shares of the company’s stock valued at $881,000 after buying an additional 2,929 shares in the last quarter. Sigma Planning Corp lifted its holdings in shares of VICI Properties by 3.2% during the 3rd quarter. Sigma Planning Corp now owns 18,215 shares of the company’s stock worth $607,000 after acquiring an additional 561 shares during the period. Finally, Axxcess Wealth Management LLC acquired a new stake in shares of VICI Properties during the 3rd quarter worth approximately $230,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Barclays boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Mizuho lowered their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Stifel Nicolaus raised their price objective on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 21st. JMP Securities reissued a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Finally, Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $34.30.

VICI Properties Stock Up 2.1 %

Shares of NYSE VICI opened at $32.65 on Monday. The company has a 50 day simple moving average of $30.22 and a 200 day simple moving average of $31.48. 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 Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The firm has a market cap of $34.49 billion, a PE ratio of 12.76, a price-to-earnings-growth 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 (EPS) for the quarter, missing the consensus estimate 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, research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders 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 dividend yield of 5.30%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 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.