AGF Management Ltd. Lowers Stock Position in VICI Properties Inc. (NYSE:VICI)

AGF Management Ltd. cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 8.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 121,032 shares of the company’s stock after selling 11,776 shares during the period. AGF Management Ltd.’s holdings in VICI Properties were worth $3,535,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in VICI Properties by 599.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after purchasing an additional 7,658,819 shares during the period. State Street Corp boosted its position in VICI Properties by 2.1% during the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after purchasing an additional 1,164,717 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in VICI Properties by 127.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company’s stock worth $50,099,000 after purchasing an additional 960,706 shares during the period. Charles Schwab Investment Management Inc. boosted its position in VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after purchasing an additional 770,195 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in VICI Properties by 80.9% during the 3rd quarter. BNP Paribas Financial Markets now owns 1,673,230 shares of the company’s stock worth $55,735,000 after purchasing an additional 748,378 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $32.03 on Thursday. The firm has a market cap of $33.83 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The firm’s 50-day simple moving average is $30.35 and its 200-day simple moving average is $31.48. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

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

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio is presently 67.58%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Mizuho decreased their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the stock 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. Truist Financial cut their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Finally, Barclays boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.