Silvercrest Asset Management Group LLC Reduces Holdings in VICI Properties Inc. (NYSE:VICI)

Silvercrest Asset Management Group LLC reduced its stake in shares of VICI Properties Inc. (NYSE:VICI) by 1.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,763 shares of the company’s stock after selling 716 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in VICI Properties were worth $1,658,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Royal Bank of Canada grew its holdings in shares of VICI Properties by 0.8% during the fourth quarter. Royal Bank of Canada now owns 3,593,766 shares of the company’s stock worth $104,974,000 after purchasing an additional 28,351 shares during the last quarter. Raiffeisen Bank International AG purchased a new stake in shares of VICI Properties in the 4th quarter valued at about $191,000. Redwood Investment Management LLC acquired a new stake in shares of VICI Properties in the 4th quarter valued at about $1,696,000. Point72 Hong Kong Ltd purchased a new position in VICI Properties during the 4th quarter worth approximately $42,000. Finally, ProShare Advisors LLC increased its position in VICI Properties by 37.2% during the fourth quarter. ProShare Advisors LLC now owns 243,905 shares of the company’s stock worth $7,124,000 after buying an additional 66,158 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of VICI opened at $31.92 on Wednesday. The stock has a market capitalization of $33.73 billion, a P/E ratio of 12.47, a P/E/G ratio of 3.88 and a beta of 0.74. 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 Inc. has a 1 year low of $27.53 and a 1 year high of $34.29. The company’s fifty day moving average is $31.74 and its two-hundred day moving average is $31.05.

VICI Properties (NYSE:VICI) last issued 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. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. On average, sell-side analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date was Thursday, March 20th. VICI Properties’s dividend payout ratio is presently 69.20%.

Analysts Set New Price Targets

Several research firms have recently weighed in on VICI. Stifel Nicolaus increased their price objective on VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a report on Thursday, May 1st. Barclays upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. 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 report on Thursday, April 3rd. JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Finally, Truist Financial upped their target price 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. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.18.

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.