Wealthfront Advisers LLC Has $1.67 Million Stake in VICI Properties Inc. (NYSE:VICI)

Wealthfront Advisers LLC decreased its holdings in VICI Properties Inc. (NYSE:VICI) by 72.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,215 shares of the company’s stock after selling 151,835 shares during the period. Wealthfront Advisers LLC’s holdings in VICI Properties were worth $1,671,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the business. Venturi Wealth Management LLC increased its holdings in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after buying an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new position in VICI Properties in the fourth quarter worth approximately $33,000. Whipplewood Advisors LLC acquired a new position in VICI Properties in the fourth quarter worth approximately $40,000. Continuum Advisory LLC grew its holdings in VICI Properties by 30.5% during the third 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 grew its holdings in VICI Properties by 31.3% during the fourth 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. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Up 2.2 %

Shares of VICI stock opened at $32.24 on Friday. The stock has a market cap of $34.06 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The stock has a fifty day moving average price of $30.46 and a 200 day moving average price of $31.48. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The firm had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.37%. VICI Properties’s dividend payout ratio is currently 67.58%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Stifel Nicolaus increased their price target on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a report on Friday, February 21st. Mizuho lowered their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Finally, Barclays increased their price target on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.