Cbre Investment Management Listed Real Assets LLC Decreases Position in VICI Properties Inc. (NYSE:VICI)

Cbre Investment Management Listed Real Assets LLC lowered its stake in shares of VICI Properties Inc. (NYSE:VICI) by 60.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,651,854 shares of the company’s stock after selling 2,537,207 shares during the period. Cbre Investment Management Listed Real Assets LLC’s holdings in VICI Properties were worth $48,251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. D.A. Davidson & CO. boosted its holdings in VICI Properties by 3.2% in the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after buying an additional 340 shares during the period. Carmel Capital Partners LLC boosted its holdings in VICI Properties by 1.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock valued at $1,177,000 after purchasing an additional 367 shares during the period. Sheaff Brock Investment Advisors LLC boosted its holdings in VICI Properties by 0.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock valued at $1,206,000 after purchasing an additional 372 shares during the period. Continuum Advisory LLC boosted its holdings in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares during the period. Finally, V Square Quantitative Management LLC boosted its holdings in VICI Properties by 3.3% in the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock valued at $357,000 after purchasing an additional 391 shares during the period. 97.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on VICI. Barclays raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday. Truist Financial cut their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a 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. According to data from MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and an average target price of $34.30.

VICI Properties Price Performance

VICI stock opened at $32.22 on Wednesday. The firm’s 50-day moving average price is $29.96 and its two-hundred day moving average price is $31.47. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The stock has a market capitalization of $34.04 billion, a price-to-earnings ratio of 12.59, a PEG ratio of 3.88 and a beta of 0.94. 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 released 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). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. As a group, equities analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s payout ratio is 67.58%.

About VICI Properties

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.