Russell Investments Group Ltd. Sells 728,514 Shares of VICI Properties Inc. (NYSE:VICI)

Russell Investments Group Ltd. lessened its position in VICI Properties Inc. (NYSE:VICI) by 20.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,919,269 shares of the company’s stock after selling 728,514 shares during the period. Russell Investments Group Ltd.’s holdings in VICI Properties were worth $85,269,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of VICI. Venturi Wealth Management LLC grew its stake in shares of VICI Properties by 64.1% in 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 stake in VICI Properties in the 4th quarter worth approximately $33,000. Whipplewood Advisors LLC bought a new stake in shares of VICI Properties in the 4th quarter worth approximately $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 valued at $50,000 after buying an additional 374 shares during the period. Finally, Cromwell Holdings LLC raised its holdings in shares of VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock valued at $61,000 after acquiring an additional 494 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Down 3.4 %

Shares of NYSE VICI opened at $30.57 on Friday. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. 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 stock has a market cap of $32.30 billion, a PE ratio of 11.94, a P/E/G ratio of 3.88 and a beta of 0.70. The company has a 50-day moving average of $31.36 and a 200 day moving average of $31.30.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $969.29 million. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.66%. VICI Properties’s dividend payout ratio is currently 67.58%.

Wall Street Analyst Weigh In

VICI has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research report on Thursday, March 27th. Wells Fargo & Company increased their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. 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. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Mizuho lifted their price target on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.