Synovus Financial Corp Has $419,000 Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Synovus Financial Corp trimmed its stake in shares of VICI Properties Inc. (NYSE:VICI) by 35.4% during the fourth quarter, Holdings Channel reports. The firm owned 14,332 shares of the company’s stock after selling 7,866 shares during the period. Synovus Financial Corp’s holdings in VICI Properties were worth $419,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of VICI. Venturi Wealth Management LLC boosted its stake in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties in the 4th quarter valued at $33,000. Whipplewood Advisors LLC bought a new stake in shares of VICI Properties in the 4th quarter worth about $40,000. Cromwell Holdings LLC increased its position in shares of VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after purchasing an additional 494 shares in the last quarter. Finally, Promus Capital LLC bought a new position in VICI Properties during the 4th quarter valued at about $63,000. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on VICI. Wells Fargo & Company raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. Barclays raised their price target on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Truist Financial lowered their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. Finally, Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $34.63.

VICI Properties Stock Up 1.6 %

Shares of NYSE VICI opened at $32.56 on Friday. VICI Properties Inc. has a 1 year low of $27.15 and a 1 year high of $34.29. The firm’s 50-day moving average is $31.56 and its 200-day moving average is $31.15. 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 firm has a market capitalization of $34.40 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI) last released 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). The business had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Equities analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

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

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.