Zurcher Kantonalbank Zurich Cantonalbank Sells 339,067 Shares of VICI Properties Inc. (NYSE:VICI)

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 32.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 719,321 shares of the company’s stock after selling 339,067 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in VICI Properties were worth $23,464,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Investment Management Corp VA ADV boosted its position in VICI Properties by 171.3% during the 1st quarter. Investment Management Corp VA ADV now owns 1,123 shares of the company’s stock valued at $37,000 after acquiring an additional 709 shares in the last quarter. Valley Wealth Managers Inc. boosted its position in shares of VICI Properties by 5.4% in the 1st quarter. Valley Wealth Managers Inc. now owns 120,027 shares of the company’s stock worth $3,915,000 after purchasing an additional 6,157 shares in the last quarter. HB Wealth Management LLC acquired a new stake in shares of VICI Properties in the 1st quarter worth $377,000. Mediolanum International Funds Ltd boosted its position in shares of VICI Properties by 0.7% in the 1st quarter. Mediolanum International Funds Ltd now owns 519,230 shares of the company’s stock worth $16,621,000 after purchasing an additional 3,681 shares in the last quarter. Finally, First Heartland Consultants Inc. acquired a new stake in shares of VICI Properties in the 1st quarter worth $326,000. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on VICI. JMP Securities set a $35.00 price objective on VICI Properties in a research report on Tuesday, July 22nd. Truist Financial raised their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Stifel Nicolaus raised their price objective on VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Robert W. Baird raised their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Finally, Morgan Stanley raised their price objective on VICI Properties from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 8th. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and an average target price of $35.38.

VICI Properties Stock Performance

Shares of VICI opened at $32.51 on Tuesday. The stock has a 50-day moving average of $32.47 and a two-hundred day moving average of $31.66. VICI Properties Inc. has a one year low of $27.98 and a one year high of $34.29. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.53 and a current ratio of 2.53. The stock has a market cap of $34.35 billion, a P/E ratio of 13.00, a P/E/G ratio of 4.28 and a beta of 0.70.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, hitting analysts’ consensus estimates of $0.58. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The company had revenue of $984.20 million during the quarter, compared to analysts’ expectations of $976.51 million. During the same quarter in the previous year, the firm posted $0.56 EPS. The firm’s revenue was up 3.4% compared to the same quarter last year. As a group, research analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th were paid a dividend of $0.4325 per share. The ex-dividend date was Wednesday, June 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.32%. VICI Properties’s payout ratio is currently 69.20%.

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.