Arrowstreet Capital Limited Partnership Trims Stake in VICI Properties Inc. (NYSE:VICI)

Arrowstreet Capital Limited Partnership lessened its stake in VICI Properties Inc. (NYSE:VICI) by 46.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,674,022 shares of the company’s stock after selling 1,448,577 shares during the period. Arrowstreet Capital Limited Partnership owned about 0.16% of VICI Properties worth $48,898,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. DnB Asset Management AS boosted its holdings in VICI Properties by 11.8% during the fourth quarter. DnB Asset Management AS now owns 202,645 shares of the company’s stock worth $5,919,000 after buying an additional 21,365 shares in the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of VICI Properties by 7.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 43,368 shares of the company’s stock worth $1,267,000 after acquiring an additional 3,164 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in shares of VICI Properties by 3.4% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,700,937 shares of the company’s stock valued at $49,684,000 after acquiring an additional 56,374 shares during the period. New Age Alpha Advisors LLC increased its stake in shares of VICI Properties by 76,342.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 369,219 shares of the company’s stock valued at $10,785,000 after purchasing an additional 368,736 shares in the last quarter. Finally, Norges Bank purchased a new position in VICI Properties during the fourth quarter worth approximately $419,932,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Down 0.6 %

VICI stock opened at $32.43 on Wednesday. The company has a market cap of $34.27 billion, a price-to-earnings ratio of 12.67, a PEG ratio of 3.88 and a beta of 0.94. The firm has a 50-day moving average of $31.24 and a two-hundred day moving average of $31.33. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. 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) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.57 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 analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently disclosed 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. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 67.58%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Truist Financial cut their price objective 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 restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wells Fargo & Company lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Mizuho reduced their price target 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 VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $34.23.

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.