VICI Properties Inc. (NYSE:VICI) Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. decreased its position in shares of VICI Properties Inc. (NYSE:VICI) by 98.0% in the 1st quarter, HoldingsChannel.com reports. The fund owned 11,412 shares of the company’s stock after selling 549,070 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in VICI Properties were worth $372,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. IFM Investors Pty Ltd boosted its holdings in shares of VICI Properties by 0.6% during the first quarter. IFM Investors Pty Ltd now owns 496,939 shares of the company’s stock valued at $16,553,000 after acquiring an additional 2,752 shares during the period. GF Fund Management CO. LTD. lifted its holdings in VICI Properties by 4.9% in the first quarter. GF Fund Management CO. LTD. now owns 19,966 shares of the company’s stock worth $651,000 after purchasing an additional 937 shares during the period. Checchi Capital Advisers LLC lifted its holdings in VICI Properties by 19.0% in the first quarter. Checchi Capital Advisers LLC now owns 13,888 shares of the company’s stock worth $453,000 after purchasing an additional 2,219 shares during the period. Teacher Retirement System of Texas lifted its holdings in VICI Properties by 1,471.8% in the first quarter. Teacher Retirement System of Texas now owns 154,049 shares of the company’s stock worth $5,025,000 after purchasing an additional 144,248 shares during the period. Finally, Miller Howard Investments Inc. NY acquired a new stake in VICI Properties in the first quarter worth about $65,750,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $33.33 on Friday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.62. The company’s 50-day moving average price is $32.00 and its two-hundred day moving average price is $31.14. VICI Properties Inc. has a 52 week low of $27.53 and a 52 week high of $34.29. The stock has a market cap of $35.22 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 3.83 and a beta of 0.70.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The firm had revenue of $984.20 million for the quarter, compared to analysts’ expectations of $976.51 million. During the same period in the previous year, the business earned $0.56 earnings per share. VICI Properties’s revenue for the quarter was up 3.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 10th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.4325 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $1.73 annualized dividend and a yield of 5.19%. VICI Properties’s payout ratio is presently 69.20%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on VICI. Mizuho upped their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a report on Thursday, April 3rd. Truist Financial upped their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a report on Wednesday, April 23rd. Wells Fargo & Company upped 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. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a report on Thursday, May 1st. Finally, Robert W. Baird upped their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and an average price target of $35.42.

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.