VICI Properties Inc. (NYSE:VICI) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. reduced its stake in VICI Properties Inc. (NYSE:VICI) by 2.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,749,367 shares of the company’s stock after selling 237,761 shares during the period. VICI Properties accounts for approximately 1.5% of Daiwa Securities Group Inc.’s holdings, making the stock its 16th biggest position. Daiwa Securities Group Inc. owned approximately 1.11% of VICI Properties worth $343,199,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. D.A. Davidson & CO. increased its holdings in shares of VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $321,000 after buying an additional 340 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its position in VICI Properties by 0.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock valued at $1,206,000 after purchasing an additional 372 shares during the last quarter. Continuum Advisory LLC grew its stake in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after buying an additional 374 shares in the last quarter. V Square Quantitative Management LLC grew its position in VICI Properties by 3.3% in the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock worth $357,000 after acquiring an additional 391 shares in the last quarter. Finally, Tcfg Wealth Management LLC boosted its holdings in VICI Properties by 5.7% in the fourth quarter. Tcfg Wealth Management LLC now owns 7,792 shares of the company’s stock worth $228,000 after purchasing an additional 417 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Truist Financial decreased their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Finally, Mizuho reduced their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.30.

VICI Properties Price Performance

VICI opened at $32.65 on Monday. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The company has a fifty day moving average price of $30.22 and a two-hundred day moving average price of $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. The firm has a market capitalization of $34.49 billion, a PE ratio of 12.76, a P/E/G ratio of 3.88 and a beta of 0.94.

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

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

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.