Guggenheim Capital LLC Sells 528,859 Shares of VICI Properties Inc. (NYSE:VICI)

Guggenheim Capital LLC trimmed its position in VICI Properties Inc. (NYSE:VICI) by 70.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,401 shares of the company’s stock after selling 528,859 shares during the period. Guggenheim Capital LLC’s holdings in VICI Properties were worth $6,409,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Venturi Wealth Management LLC grew 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 buying an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new position in VICI Properties during the fourth quarter worth $33,000. Whipplewood Advisors LLC bought a new stake in VICI Properties during the fourth quarter worth $40,000. Cromwell Holdings LLC lifted its stake 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 acquiring an additional 494 shares during the last quarter. Finally, Promus Capital LLC bought a new position in shares of VICI Properties in the 4th quarter valued at about $63,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $32.56 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. The stock has a market capitalization of $34.40 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a twelve month low of $27.15 and a twelve month high of $34.29. The company has a 50-day simple moving average of $31.56 and a two-hundred day simple moving average of $31.15.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results 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 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 the consensus estimate of $969.29 million. Analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is currently 67.58%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research note on Thursday, March 27th. Wells Fargo & Company lifted their target price on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Barclays increased their price target on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Truist Financial reduced their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Finally, Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and a consensus 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.