Corebridge Financial Inc. Trims Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Corebridge Financial Inc. cut its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 249,529 shares of the company’s stock after selling 10,439 shares during the period. Corebridge Financial Inc.’s holdings in VICI Properties were worth $7,289,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC boosted its stake in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties during the fourth quarter worth about $33,000. Whipplewood Advisors LLC purchased a new position in shares of VICI Properties during the fourth quarter worth about $40,000. Continuum Advisory LLC increased its position 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 acquiring an additional 374 shares during the period. Finally, Cromwell Holdings LLC raised its stake 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 acquiring an additional 494 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on VICI. Stifel Nicolaus lifted their target price on VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research note on Thursday. 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 report on Tuesday, March 4th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Finally, 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. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $34.23.

VICI Properties Price Performance

VICI stock opened at $31.99 on Friday. The company has a market cap of $33.80 billion, a price-to-earnings ratio of 12.49, 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. The firm has a 50 day moving average of $31.13 and a 200-day moving average of $31.38. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The firm had revenue of $976.05 million for the quarter, compared to analysts’ expectations of $969.29 million. As a group, equities analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.4325 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.41%. VICI Properties’s dividend payout ratio (DPR) is currently 67.58%.

VICI Properties 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.