Skba Capital Management LLC Lowers Position in VICI Properties Inc. (NYSE:VICI)

Skba Capital Management LLC lowered its position in VICI Properties Inc. (NYSE:VICI) by 3.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 318,450 shares of the company’s stock after selling 11,700 shares during the quarter. Skba Capital Management LLC’s holdings in VICI Properties were worth $9,302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in VICI. State Street Corp boosted its holdings 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 purchasing an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC grew its holdings in VICI Properties by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock valued at $945,712,000 after buying an additional 608,696 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of VICI Properties by 0.5% during the 4th 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 bought a new position in shares of VICI Properties during the 4th quarter valued at approximately $419,932,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of 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 valued at $356,635,000 after purchasing an additional 385,649 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on VICI. Wells Fargo & Company upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barclays upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Finally, Truist Financial decreased their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.23.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $31.99 on Monday. The firm’s 50 day simple moving average is $31.13 and its 200-day simple moving average is $31.35. The firm has a market cap of $33.80 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. 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 (NYSE:VICI) last posted its quarterly 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 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%. As a group, equities analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders 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 yield of 5.41%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is 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.