Centiva Capital LP Sells 32,281 Shares of VICI Properties Inc. (NYSE:VICI)

Centiva Capital LP cut its holdings in VICI Properties Inc. (NYSE:VICI) by 72.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,151 shares of the company’s stock after selling 32,281 shares during the period. Centiva Capital LP’s holdings in VICI Properties were worth $355,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Transce3nd LLC bought a new position in VICI Properties in the fourth quarter worth approximately $28,000. Venturi Wealth Management LLC raised its position in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after acquiring an additional 431 shares during the period. Kestra Investment Management LLC bought a new position in VICI Properties in the fourth quarter worth approximately $33,000. Quarry LP raised its position in VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock worth $33,000 after acquiring an additional 897 shares during the period. Finally, Whipplewood Advisors LLC bought a new position in VICI Properties in the fourth quarter worth approximately $40,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

VICI opened at $31.89 on Monday. The stock has a market capitalization of $33.70 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 3.88 and a beta of 0.74. The company has a fifty day moving average of $31.81 and a 200 day moving average of $31.07. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two 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 posted its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The company had revenue of $984.20 million during the quarter, compared to analysts’ expectations of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. VICI Properties’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period last year, the company posted $0.56 earnings per share. As a group, sell-side analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.42%. VICI Properties’s payout ratio is 69.20%.

Analysts Set New Price Targets

Several research firms have weighed in on VICI. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Stifel Nicolaus increased their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Wells Fargo & Company increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Mizuho increased 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. Finally, Barclays increased their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.07.

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.