Meiji Yasuda Asset Management Co Ltd. Sells 1,528 Shares of VICI Properties Inc. (NYSE:VICI)

Meiji Yasuda Asset Management Co Ltd. lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 108,113 shares of the company’s stock after selling 1,528 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in VICI Properties were worth $3,158,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Venturi Wealth Management LLC grew its stake in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after acquiring an additional 431 shares in the last quarter. Kestra Investment Management LLC bought a new position in VICI Properties in the 4th quarter valued at $33,000. Whipplewood Advisors LLC purchased a new position in shares of VICI Properties during the 4th quarter valued at $40,000. Continuum Advisory LLC increased its holdings in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares during the period. Finally, Cromwell Holdings LLC raised its position in shares of VICI Properties by 31.3% in the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after buying an additional 494 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $31.65 on Wednesday. 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 52-week low of $27.08 and a 52-week high of $34.29. The company has a fifty day moving average of $30.96 and a 200-day moving average of $31.39. The stock has a market capitalization of $33.44 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million for the quarter, compared to analysts’ expectations of $969.29 million. Equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The business 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 dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.47%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Barclays boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company increased their price target 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. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.20.

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.