VICI Properties Inc. (NYSE:VICI) Holdings Decreased by GSI Capital Advisors LLC

GSI Capital Advisors LLC lowered its stake in shares of VICI Properties Inc. (NYSE:VICI) by 12.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,617 shares of the company’s stock after selling 38,018 shares during the quarter. VICI Properties comprises approximately 4.1% of GSI Capital Advisors LLC’s investment portfolio, making the stock its 5th largest holding. GSI Capital Advisors LLC’s holdings in VICI Properties were worth $7,700,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of VICI. Atria Wealth Solutions Inc. increased its stake in VICI Properties by 145.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock valued at $1,189,000 after purchasing an additional 24,159 shares in the last quarter. Oxbow Advisors LLC purchased a new stake in shares of VICI Properties during the fourth quarter valued at $3,817,000. CHURCHILL MANAGEMENT Corp increased its position in shares of VICI Properties by 2.9% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after acquiring an additional 8,834 shares during the period. Border to Coast Pensions Partnership Ltd raised its stake in VICI Properties by 40.0% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after acquiring an additional 130,000 shares during the last quarter. Finally, Brookstone Capital Management acquired a new stake in VICI Properties during the 4th quarter worth about $359,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $32.43 on Wednesday. The firm has a market cap of $34.27 billion, a PE ratio of 12.67, a P/E/G ratio of 3.88 and a beta of 0.94. The business has a 50-day moving average price of $31.24 and a 200 day moving average price of $31.33. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29.

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). 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 for the quarter, compared to analyst estimates of $969.29 million. Sell-side analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.33%. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. JMP Securities reissued a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Wells Fargo & Company increased their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. Barclays lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Finally, Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research 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’s stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target 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.