GSI Capital Advisors LLC Sells 38,018 Shares of VICI Properties Inc. (NYSE:VICI)

GSI Capital Advisors LLC decreased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,617 shares of the company’s stock after selling 38,018 shares during the quarter. VICI Properties comprises about 4.1% of GSI Capital Advisors LLC’s portfolio, making the stock its 5th biggest holding. GSI Capital Advisors LLC’s holdings in VICI Properties were worth $7,700,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. State Street Corp boosted its stake in VICI Properties by 2.1% during the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after buying an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock valued at $860,107,000 after acquiring an additional 1,036,344 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of VICI Properties by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock valued at $706,962,000 after purchasing an additional 130,659 shares during the period. Norges Bank acquired a new stake in VICI Properties during the fourth quarter worth about $419,932,000. Finally, Charles Schwab Investment Management Inc. increased its position in VICI Properties by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company’s stock worth $356,635,000 after purchasing an additional 385,649 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on VICI shares. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Stifel Nicolaus lifted their target price on VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research report on Thursday, March 27th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Truist Financial reduced their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.23.

VICI Properties Stock Down 0.6 %

Shares of NYSE:VICI opened at $32.43 on Wednesday. The firm’s 50-day moving average is $31.24 and its two-hundred day moving average is $31.33. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The firm has a market capitalization of $34.27 billion, a PE ratio of 12.67, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share 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 business had revenue of $976.05 million for the quarter, compared to analysts’ expectations of $969.29 million. Analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a $0.4325 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.33%. VICI Properties’s dividend payout ratio (DPR) 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.