Pictet Asset Management Holding SA Sells 21,737 Shares of VICI Properties Inc. (NYSE:VICI)

Pictet Asset Management Holding SA decreased its position in shares of VICI Properties Inc. (NYSE:VICI) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 618,675 shares of the company’s stock after selling 21,737 shares during the period. Pictet Asset Management Holding SA owned approximately 0.06% of VICI Properties worth $18,071,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of VICI. FMR LLC raised its stake in VICI Properties by 13.3% in the 3rd quarter. FMR LLC now owns 3,386,136 shares of the company’s stock worth $112,792,000 after purchasing an additional 397,650 shares in the last quarter. D.A. Davidson & CO. increased its holdings in shares of VICI Properties by 35.9% during the third quarter. D.A. Davidson & CO. now owns 10,654 shares of the company’s stock worth $355,000 after purchasing an additional 2,815 shares during the period. Glenmede Trust Co. NA raised its position in shares of VICI Properties by 1.8% in the third quarter. Glenmede Trust Co. NA now owns 31,415 shares of the company’s stock valued at $1,046,000 after buying an additional 543 shares in the last quarter. Walleye Capital LLC bought a new stake in shares of VICI Properties in the third quarter valued at approximately $717,000. Finally, Captrust Financial Advisors grew its position in VICI Properties by 4.6% during the third quarter. Captrust Financial Advisors now owns 34,861 shares of the company’s stock worth $1,161,000 after buying an additional 1,533 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE VICI opened at $32.43 on Wednesday. The firm’s fifty day moving average price is $31.24 and its two-hundred day moving average price is $31.33. The stock has a market cap of $34.27 billion, a PE ratio of 12.67, a PEG ratio of 3.88 and a beta of 0.94. 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 fifty-two week low of $27.08 and a fifty-two week high of $34.29.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The firm had revenue of $976.05 million for 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%. On average, equities analysts expect that VICI Properties Inc. will post 2.31 EPS 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 issued a $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.33%. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Stifel Nicolaus lifted their price objective on VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a report on Thursday, March 27th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Barclays increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Truist Financial dropped their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.23.

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.