VICI Properties Inc. (NYSE:VICI) Shares Sold by Landscape Capital Management L.L.C.

Landscape Capital Management L.L.C. lessened its stake in VICI Properties Inc. (NYSE:VICI) by 13.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 40,668 shares of the company’s stock after selling 6,206 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in VICI Properties were worth $1,188,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of VICI. State Street Corp boosted its position in shares of VICI Properties by 2.1% during the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after acquiring an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of VICI Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock valued at $860,107,000 after purchasing an additional 1,036,344 shares during the period. Principal Financial Group Inc. grew its stake in shares of VICI Properties by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock worth $706,962,000 after acquiring an additional 130,659 shares in the last quarter. Norges Bank purchased a new stake in VICI Properties during the 4th quarter worth about $419,932,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in VICI Properties by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company’s stock worth $356,635,000 after acquiring an additional 385,649 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI opened at $30.57 on Friday. The firm has a market capitalization of $32.30 billion, a P/E ratio of 11.94, a PEG ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a fifty day moving average of $31.36 and a 200-day moving average of $31.30.

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 company had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. Equities analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.66%. The ex-dividend date was Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on VICI. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Wells Fargo & Company upped their target price on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Truist Financial cut their price objective 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. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Finally, Stifel Nicolaus upped their target price on VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.63.

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.