Land & Buildings Investment Management LLC Decreases Position in VICI Properties Inc. (NYSE:VICI)

Land & Buildings Investment Management LLC lessened its holdings in VICI Properties Inc. (NYSE:VICI) by 68.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 314,561 shares of the company’s stock after selling 667,741 shares during the quarter. VICI Properties accounts for 1.9% of Land & Buildings Investment Management LLC’s investment portfolio, making the stock its 19th biggest position. Land & Buildings Investment Management LLC’s holdings in VICI Properties were worth $9,188,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in VICI. Transce3nd LLC bought a new stake in shares of VICI Properties during the 4th quarter valued at about $28,000. CoreCap Advisors LLC boosted its stake in shares of VICI Properties by 5,555.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after purchasing an additional 431 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of VICI Properties during the 4th quarter valued at about $33,000. Finally, Quarry LP boosted its stake in shares of VICI Properties by 404.1% during the 4th quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after purchasing an additional 897 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 1.0%

Shares of NYSE VICI opened at $31.89 on Monday. The firm’s 50 day moving average price is $31.81 and its 200-day moving average price is $31.07. The company has a market cap of $33.70 billion, a PE ratio of 12.46, a P/E/G ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The firm had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.56 earnings per share. On average, equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders 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 annualized dividend and a dividend yield of 5.42%. VICI Properties’s dividend payout ratio is presently 69.20%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on VICI. Barclays lifted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Stifel Nicolaus lifted their target price on shares of VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a research note on Thursday, May 1st. Mizuho boosted their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Robert W. Baird boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Finally, Truist Financial boosted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Three equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $35.07.

About VICI Properties

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.