Illinois Municipal Retirement Fund reduced its stake in VICI Properties Inc. (NYSE:VICI – Free Report) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 512,591 shares of the company’s stock after selling 36,296 shares during the period. Illinois Municipal Retirement Fund’s holdings in VICI Properties were worth $11,774,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in the stock. Gamco Investors INC. ET AL raised its stake in shares of VICI Properties by 0.8% during the 1st quarter. Gamco Investors INC. ET AL now owns 47,615 shares of the company’s stock valued at $1,301,000 after purchasing an additional 384 shares during the period. Keebeck Wealth Management lifted its holdings in VICI Properties by 4.3% during the 1st quarter. Keebeck Wealth Management now owns 11,909 shares of the company’s stock worth $325,000 after purchasing an additional 493 shares in the last quarter. Redwood Investment Management LLC lifted its holdings in VICI Properties by 2.1% during the 1st quarter. Redwood Investment Management LLC now owns 26,075 shares of the company’s stock worth $712,000 after purchasing an additional 543 shares in the last quarter. Corrado Advisors LLC boosted its stake in VICI Properties by 1.3% in the 3rd quarter. Corrado Advisors LLC now owns 50,534 shares of the company’s stock worth $1,161,000 after purchasing an additional 660 shares during the period. Finally, FreeGulliver LLC boosted its stake in VICI Properties by 6.4% in the 1st quarter. FreeGulliver LLC now owns 11,543 shares of the company’s stock worth $315,000 after purchasing an additional 696 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research analysts have weighed in on VICI shares. Truist Financial reduced their target price on VICI Properties from $38.00 to $32.00 and set a “buy” rating for the company in a report on Tuesday, October 20th. Stifel Nicolaus lowered their price target on shares of VICI Properties from $34.00 to $30.75 and set a “buy” rating on the stock in a report on Thursday, October 29th. Scotiabank lowered their price target on shares of VICI Properties from $29.00 to $26.00 and set a “sector perform” rating on the stock in a report on Thursday, September 24th. Citizens Jmp cut their price objective on shares of VICI Properties from $35.00 to $31.00 and set a “market outperform” rating for the company in a research report on Friday, October 2nd. Finally, Wells Fargo & Company reduced their price objective on shares of VICI Properties from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Monday, October 19th. Eight analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target of $29.46.
Get Our Latest Stock Report on VICI
VICI Properties Trading Down 0.2%
VICI Properties stock opened at $24.93 on Thursday. The stock has a market cap of $27.46 billion, a P/E ratio of 11.44, a PEG ratio of 2.00 and a beta of 0.64. VICI Properties Inc. has a fifty-two week low of $22.42 and a fifty-two week high of $30.83. The firm’s fifty day moving average price is $23.98 and its 200-day moving average price is $26.82. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.35 and a current ratio of 2.35.
VICI Properties (NYSE:VICI – Get Free Report) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.41). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.06 billion. VICI Properties had a net margin of 56.46% and a return on equity of 8.10%. VICI Properties’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 EPS. Equities research analysts forecast that VICI Properties Inc. will post 2.47 earnings per share for the current fiscal year.
VICI Properties Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Thursday, September 17th. This is an increase from VICI Properties’s previous quarterly dividend of $0.45. VICI Properties’s payout ratio is 84.40%.
About VICI Properties
VICI Properties Inc. is a real estate investment trust that owns experiential properties, with a portfolio focused primarily on casinos and other gaming-related destinations. Its properties include gaming facilities, hotels, restaurants and entertainment venues. The company leases its properties to operators under long-term agreements, generally structured as triple-net leases, in which tenants are responsible for expenses such as property taxes, insurance and maintenance. VICI also owns golf courses and other leisure-related properties.
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