Hosking Partners LLP Lowers Stock Position in VICI Properties Inc. (NYSE:VICI)

Hosking Partners LLP lessened its stake in VICI Properties Inc. (NYSE:VICI) by 11.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 156,171 shares of the company’s stock after selling 20,194 shares during the period. Hosking Partners LLP’s holdings in VICI Properties were worth $4,562,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Atria Wealth Solutions Inc. raised its holdings in shares of VICI Properties by 145.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock valued at $1,189,000 after buying an additional 24,159 shares in the last quarter. Oxbow Advisors LLC purchased a new position in VICI Properties in the 4th quarter worth $3,817,000. CHURCHILL MANAGEMENT Corp boosted its position in VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after buying an additional 8,834 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of VICI Properties by 8.0% in the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after buying an additional 40,733 shares during the period. Finally, Border to Coast Pensions Partnership Ltd boosted its holdings in VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock valued at $13,282,000 after acquiring an additional 130,000 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Down 0.2 %

VICI stock opened at $32.32 on Friday. The company has a market capitalization of $34.14 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. The business’s 50 day moving average price is $29.81 and its two-hundred day moving average price is $31.46. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week 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 data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The company had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.35%. VICI Properties’s dividend payout ratio (DPR) is 67.58%.

Analysts Set New Price Targets

Several analysts have weighed in on VICI shares. Barclays lowered their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Stifel Nicolaus raised their price target on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 21st. Mizuho lowered their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Truist Financial cut their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $34.20.

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.