Nuveen Asset Management LLC Lowers Holdings in VICI Properties Inc. (NYSE:VICI)

Nuveen Asset Management LLC trimmed its holdings in VICI Properties Inc. (NYSE:VICI) by 7.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,759,988 shares of the company’s stock after selling 998,024 shares during the quarter. Nuveen Asset Management LLC owned 1.12% of VICI Properties worth $343,509,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. D.A. Davidson & CO. boosted its position in VICI Properties by 3.2% in the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after purchasing an additional 340 shares in the last quarter. Carret Asset Management LLC boosted its holdings in VICI Properties by 0.5% during the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock worth $2,034,000 after buying an additional 354 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in VICI Properties by 0.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock worth $1,206,000 after buying an additional 372 shares in the last quarter. Benjamin Edwards Inc. boosted its holdings in VICI Properties by 3.1% during the fourth quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company’s stock worth $369,000 after buying an additional 378 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its holdings in VICI Properties by 3.3% during the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock worth $357,000 after buying an additional 391 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on VICI shares. Mizuho increased their target price 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. Truist Financial increased their price target on VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. Stifel Nicolaus increased their target price on VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a research report on Thursday, May 1st. Robert W. Baird increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Finally, Barclays increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $35.07.

VICI Properties Trading Down 1.1%

Shares of VICI stock opened at $31.03 on Thursday. The stock’s fifty day moving average is $31.75 and its two-hundred day moving average is $31.06. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market capitalization of $32.79 billion, a P/E ratio of 12.12, a PEG ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share 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 company’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.56 earnings per share. Research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently disclosed 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 5.58%. VICI Properties’s payout ratio is 69.20%.

VICI Properties Company 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.