Sanctuary Advisors LLC Lowers Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Sanctuary Advisors LLC reduced its stake in VICI Properties Inc. (NYSE:VICI) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 122,282 shares of the company’s stock after selling 1,712 shares during the quarter. Sanctuary Advisors LLC’s holdings in VICI Properties were worth $3,649,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Carmel Capital Partners LLC grew its stake in shares of VICI Properties by 1.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock valued at $1,177,000 after purchasing an additional 367 shares during the last quarter. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of VICI Properties by 0.9% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock valued at $1,206,000 after buying an additional 372 shares during the period. Continuum Advisory LLC lifted its holdings 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 during the period. V Square Quantitative Management LLC lifted its holdings in shares of VICI Properties by 3.3% in the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock valued at $357,000 after buying an additional 391 shares during the period. Finally, Tcfg Wealth Management LLC lifted its holdings in shares of VICI Properties by 5.7% in the 4th quarter. Tcfg Wealth Management LLC now owns 7,792 shares of the company’s stock valued at $228,000 after buying an additional 417 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of VICI stock opened at $31.25 on Friday. 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 stock has a fifty day moving average price of $29.59 and a 200 day moving average price of $31.43. The stock has a market cap of $32.95 billion, a PE ratio of 11.58, a P/E/G ratio of 3.85 and a beta of 0.95. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a net margin of 73.90% and a return on equity of 10.80%. The business had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. Sell-side analysts forecast that VICI Properties Inc. will post 2.26 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.54%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is 64.07%.

Analyst Upgrades and Downgrades

VICI has been the subject of several recent analyst reports. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Stifel Nicolaus raised their price target on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a report on Friday. Barclays reduced their price target on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Truist Financial reduced their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

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.