VICI Properties Inc. (NYSE:VICI) Shares Sold by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 53.6% during the fourth quarter, HoldingsChannel.com reports. The firm owned 7,101 shares of the company’s stock after selling 8,191 shares during the period. Transcend Capital Advisors LLC’s holdings in VICI Properties were worth $207,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in VICI. Venturi Wealth Management LLC raised its holdings in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new position in shares of VICI Properties in the fourth quarter valued at $33,000. Continuum Advisory LLC raised its stake in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares during the last quarter. Cromwell Holdings LLC boosted its position in shares of VICI Properties by 31.3% in the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after buying an additional 494 shares in the last quarter. Finally, Quent Capital LLC grew its stake in VICI Properties by 27.1% in the 4th quarter. Quent Capital LLC now owns 2,194 shares of the company’s stock valued at $64,000 after acquiring an additional 468 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on VICI shares. Mizuho reduced their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Truist Financial lowered their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Finally, Stifel Nicolaus boosted their target price on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties Stock Performance

Shares of VICI stock opened at $32.01 on Tuesday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market cap of $33.81 billion, a PE ratio of 12.50, a P/E/G ratio of 3.88 and a beta of 0.95. The company’s fifty day simple moving average is $29.61 and its 200-day simple moving average is $31.44. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29.

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

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio 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.