VICI Properties Inc. (NYSE:VICI) Position Reduced by Farther Finance Advisors LLC

Farther Finance Advisors LLC trimmed its stake in shares of VICI Properties Inc. (NYSE:VICI) by 17.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,049 shares of the company’s stock after selling 1,659 shares during the quarter. Farther Finance Advisors LLC’s holdings in VICI Properties were worth $235,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Atria Wealth Solutions Inc. lifted its position in shares of VICI Properties by 145.9% in the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock worth $1,189,000 after buying an additional 24,159 shares during the last quarter. Oxbow Advisors LLC bought a new position in shares of VICI Properties in the 4th quarter worth about $3,817,000. CHURCHILL MANAGEMENT Corp lifted its position in shares of VICI Properties by 2.9% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after buying an additional 8,834 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of VICI Properties by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after buying an additional 40,733 shares during the last quarter. Finally, Border to Coast Pensions Partnership Ltd lifted its position in shares of VICI Properties by 40.0% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after buying an additional 130,000 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on VICI. JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Mizuho reduced their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Wells Fargo & Company raised their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research report on Friday, February 21st. Finally, Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three investment 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 has a consensus rating of “Moderate Buy” and a consensus target price of $34.20.

VICI Properties Stock Up 0.5 %

VICI Properties stock opened at $32.66 on Wednesday. The stock has a market cap of $34.49 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 3.88 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $30.64 and its two-hundred day moving average price is $31.45. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The company had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a $0.4325 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.30%. VICI Properties’s dividend payout ratio is currently 67.58%.

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.