Vestmark Advisory Solutions Inc. Cuts Stake in VICI Properties Inc. (NYSE:VICI)

Vestmark Advisory Solutions Inc. lowered its position in shares of VICI Properties Inc. (NYSE:VICI) by 23.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,701 shares of the company’s stock after selling 4,561 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in VICI Properties were worth $429,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Promus Capital LLC bought a new stake in VICI Properties during the fourth quarter valued at about $63,000. Arizona State Retirement System boosted its position in VICI Properties by 1.8% during the fourth quarter. Arizona State Retirement System now owns 304,153 shares of the company’s stock valued at $8,884,000 after purchasing an additional 5,283 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in VICI Properties during the fourth quarter valued at about $1,389,000. Atria Investments Inc boosted its position in VICI Properties by 86.6% during the fourth quarter. Atria Investments Inc now owns 49,341 shares of the company’s stock valued at $1,441,000 after purchasing an additional 22,897 shares in the last quarter. Finally, Assetmark Inc. boosted its position in VICI Properties by 1.4% during the fourth quarter. Assetmark Inc. now owns 2,016,695 shares of the company’s stock valued at $58,908,000 after purchasing an additional 27,436 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Truist Financial dropped their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Stifel Nicolaus raised their price objective on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 21st. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Mizuho dropped their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Finally, KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $34.30.

VICI Properties Price Performance

Shares of NYSE VICI opened at $32.65 on Friday. 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 market cap of $34.49 billion, a PE ratio of 12.76, a P/E/G ratio of 3.88 and a beta of 0.94. 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 simple moving average of $30.22 and a two-hundred day simple moving average of $31.49.

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

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.30%. The ex-dividend date is Thursday, March 20th. VICI Properties’s payout ratio is 67.58%.

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.