Tredje AP fonden Decreases Holdings in VICI Properties Inc. (NYSE:VICI)

Tredje AP fonden reduced its position in VICI Properties Inc. (NYSE:VICI) by 36.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 143,034 shares of the company’s stock after selling 81,326 shares during the quarter. Tredje AP fonden’s holdings in VICI Properties were worth $4,178,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in VICI. Venturi Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at $33,000. Whipplewood Advisors LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at $40,000. Continuum Advisory LLC lifted its holdings in shares of VICI Properties by 30.5% during 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 last quarter. Finally, Cromwell Holdings LLC lifted its holdings in shares of 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 purchasing an additional 494 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

NYSE:VICI opened at $31.53 on Friday. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $33.30 billion, a PE ratio of 12.32, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The stock’s 50-day moving average price is $30.41 and its 200-day moving average price is $31.48.

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 net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million for the quarter, compared to analyst estimates 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 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 annualized dividend and a yield of 5.49%. The ex-dividend date is Thursday, March 20th. VICI Properties’s payout ratio is 67.58%.

Wall Street Analyst Weigh In

Several analysts have recently commented on VICI shares. Stifel Nicolaus increased their price objective on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a report on Friday, February 21st. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Barclays raised their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Wells Fargo & Company raised their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Truist Financial reduced their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.20.

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.