Groupama Asset Managment Trims Stock Position in VICI Properties Inc. (NYSE:VICI)

Groupama Asset Managment reduced its stake in VICI Properties Inc. (NYSE:VICI) by 90.8% during the 4th quarter, HoldingsChannel reports. The firm owned 9,385 shares of the company’s stock after selling 92,826 shares during the period. Groupama Asset Managment’s holdings in VICI Properties were worth $272,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Venturi Wealth Management LLC lifted its holdings in shares of 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 period. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties in the 4th quarter worth $33,000. Whipplewood Advisors LLC purchased a new stake in shares of VICI Properties in the fourth quarter valued at about $40,000. Continuum Advisory LLC increased its stake in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares during the period. Finally, Cromwell Holdings LLC lifted its position in VICI Properties by 31.3% in the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock valued at $61,000 after purchasing an additional 494 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE VICI opened at $31.67 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The business has a fifty day moving average of $31.34 and a 200-day moving average of $31.34. The stock has a market cap of $33.46 billion, a price-to-earnings ratio of 12.37, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70.

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 net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. As a group, analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.46%. VICI Properties’s dividend payout ratio (DPR) is currently 67.58%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on VICI shares. Barclays boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Wells Fargo & Company increased their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. JMP Securities reissued a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Finally, Mizuho upped their target price on shares of VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.63.

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.