VICI Properties Inc. (NYSE:VICI) Shares Sold by Quadcap Wealth Management LLC

Quadcap Wealth Management LLC decreased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 9.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,529 shares of the company’s stock after selling 2,163 shares during the quarter. Quadcap Wealth Management LLC’s holdings in VICI Properties were worth $600,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Transce3nd LLC acquired a new stake in VICI Properties during the fourth quarter worth about $28,000. CoreCap Advisors LLC increased its stake in shares of VICI Properties by 5,555.6% in the fourth quarter. CoreCap Advisors LLC now owns 1,018 shares of the company’s stock valued at $30,000 after purchasing an additional 1,000 shares during the period. Venturi Wealth Management LLC increased its stake in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after purchasing an additional 431 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties in the fourth quarter valued at approximately $33,000. Finally, Quarry LP boosted its holdings in shares of VICI Properties by 404.1% in the fourth quarter. Quarry LP now owns 1,119 shares of the company’s stock valued at $33,000 after acquiring an additional 897 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Up 1.6%

VICI stock opened at $31.59 on Friday. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market cap of $33.38 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 3.88 and a beta of 0.74. The company has a 50 day moving average of $31.73 and a two-hundred day moving average of $31.06.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.58. The business 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%. VICI Properties’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 EPS. On average, equities analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.48%. VICI Properties’s payout ratio is presently 69.20%.

Analyst Ratings Changes

Several research analysts have recently issued reports on VICI shares. Truist Financial increased their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a report on Wednesday, April 23rd. Barclays raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Wells Fargo & Company raised their target price 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. 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. Finally, Mizuho raised 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. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $35.07.

About VICI Properties

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.