VICI Properties Inc. (NYSE:VICI) Shares Sold by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC cut its position in VICI Properties Inc. (NYSE:VICI) by 30.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 398,000 shares of the company’s stock after selling 173,000 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in VICI Properties were worth $11,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. AXA S.A. boosted its position in VICI Properties by 19.5% in the 4th quarter. AXA S.A. now owns 129,617 shares of the company’s stock valued at $3,786,000 after buying an additional 21,147 shares during the period. DoubleLine ETF Adviser LP boosted its holdings in VICI Properties by 0.7% in the fourth quarter. DoubleLine ETF Adviser LP now owns 75,183 shares of the company’s stock valued at $2,196,000 after purchasing an additional 546 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in VICI Properties by 57.8% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 194,592 shares of the company’s stock worth $5,684,000 after purchasing an additional 71,300 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in VICI Properties by 536.0% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 634,310 shares of the company’s stock worth $18,528,000 after purchasing an additional 534,581 shares during the period. Finally, AQR Capital Management LLC raised its position in VICI Properties by 207.3% in the 4th quarter. AQR Capital Management LLC now owns 1,283,244 shares of the company’s stock valued at $37,342,000 after purchasing an additional 865,682 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 0.4 %

VICI opened at $31.65 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 52 week low of $27.53 and a 52 week high of $34.29. The business’s 50 day moving average is $31.88 and its two-hundred day moving average is $31.12. The firm has a market cap of $33.44 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI) last announced its earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting analysts’ consensus estimates of $0.58. The business had revenue of $984.20 million for the quarter, compared to analysts’ expectations of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.56 EPS. On average, research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.47%. VICI Properties’s dividend payout ratio (DPR) is 69.20%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on VICI. Robert W. Baird upped their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday. Mizuho increased their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research report on Thursday. Truist Financial increased their target price on VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Finally, Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and nine 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 price target of $35.07.

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.