Russell Investments Group Ltd. Reduces Stake in VICI Properties Inc. (NYSE:VICI)

Russell Investments Group Ltd. lowered its stake in shares of VICI Properties Inc. (NYSE:VICI) by 20.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,919,269 shares of the company’s stock after selling 728,514 shares during the period. Russell Investments Group Ltd. owned 0.28% of VICI Properties worth $85,269,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Venturi Wealth Management LLC raised its holdings in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after acquiring an additional 431 shares during the period. Kestra Investment Management LLC bought a new stake in shares of VICI Properties during the 4th quarter valued at $33,000. Whipplewood Advisors LLC purchased a new stake in VICI Properties during the 4th quarter worth about $40,000. Continuum Advisory LLC boosted its stake in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares during the period. Finally, Cromwell Holdings LLC grew its holdings in VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock valued at $61,000 after buying an additional 494 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE:VICI opened at $30.57 on Friday. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The business has a 50 day moving average of $31.36 and a 200 day moving average of $31.30. The company has a market capitalization of $32.30 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The business had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, 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 disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.66%. VICI Properties’s dividend payout ratio is currently 67.58%.

Analyst Ratings Changes

VICI has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective 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. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Truist Financial lowered their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Mizuho raised their price target on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a report on Thursday. Three equities research 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, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.63.

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.