Cullen Capital Management LLC Has $185.09 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Cullen Capital Management LLC decreased its position in VICI Properties Inc. (NYSE:VICI) by 3.1% in the fourth quarter, HoldingsChannel reports. The firm owned 6,336,668 shares of the company’s stock after selling 200,124 shares during the period. VICI Properties accounts for about 2.1% of Cullen Capital Management LLC’s investment portfolio, making the stock its 21st biggest holding. Cullen Capital Management LLC’s holdings in VICI Properties were worth $185,094,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its position in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after buying an additional 431 shares during the period. Kestra Investment Management LLC purchased a new position in VICI Properties during the 4th quarter valued at about $33,000. Whipplewood Advisors LLC acquired a new position in shares of VICI Properties in the 4th quarter valued at about $40,000. Continuum Advisory LLC lifted its position in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares in the last quarter. Finally, Cromwell Holdings LLC lifted its position in shares of VICI Properties by 31.3% in the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after purchasing an additional 494 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Down 3.4 %

VICI opened at $30.57 on Friday. The firm has a market cap of $32.30 billion, a P/E ratio of 11.94, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. 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 business has a 50 day moving average price of $31.36 and a 200 day moving average price of $31.31. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29.

VICI Properties (NYSE:VICI) last posted 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 firm 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%. Research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

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

Analysts Set New Price Targets

Several research firms have weighed in on VICI. Wells Fargo & Company upped their price objective 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. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Barclays lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus lifted their price target on VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a report on Thursday, March 27th. 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, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $34.63.

About VICI Properties

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.