VICI Properties Inc. (NYSE:VICI) Position Reduced by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. lowered its stake in VICI Properties Inc. (NYSE:VICI) by 0.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 508,510 shares of the company’s stock after selling 1,348 shares during the period. Royal London Asset Management Ltd.’s holdings in VICI Properties were worth $14,854,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of VICI. Venturi Wealth Management LLC lifted its position 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 acquiring an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties during the 4th quarter valued at $33,000. Whipplewood Advisors LLC acquired a new stake in shares of VICI Properties during the 4th quarter valued at $40,000. Continuum Advisory LLC lifted its position in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC lifted 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 valued at $61,000 after acquiring an additional 494 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Down 1.6 %

NYSE VICI opened at $31.51 on Friday. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year 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 company has a market capitalization of $33.28 billion, a PE ratio of 12.31, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. The firm’s fifty day simple moving average is $30.84 and its 200-day simple moving average is $31.43.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. 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 anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.49%. The ex-dividend date is Thursday, March 20th. VICI Properties’s payout ratio is 67.58%.

Analyst Ratings Changes

VICI has been the subject of a number of recent research reports. Stifel Nicolaus increased their price objective on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Wells Fargo & Company increased their target price on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Barclays increased their target price on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Finally, Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.20.

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.