PGGM Investments cut its position in VICI Properties Inc (NYSE:VICI) by 13.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 16,319,406 shares of the company’s stock after selling 2,445,754 shares during the period. VICI Properties accounts for approximately 2.4% of PGGM Investments’ investment portfolio, making the stock its 6th biggest holding. PGGM Investments’ holdings in VICI Properties were worth $416,961,000 as of its most recent filing with the SEC.
Other institutional investors have also recently made changes to their positions in the company. NEXT Financial Group Inc bought a new position in VICI Properties in the third quarter worth about $37,000. Evoke Wealth LLC bought a new position in VICI Properties in the third quarter worth about $42,000. CSat Investment Advisory L.P. bought a new position in VICI Properties in the second quarter worth about $133,000. Usca Ria LLC bought a new position in VICI Properties in the third quarter worth about $175,000. Finally, Oakbrook Investments LLC bought a new position in VICI Properties in the third quarter worth about $210,000.
Shares of VICI traded up $0.11 during mid-day trading on Friday, hitting $26.30. 50,055 shares of the company traded hands, compared to its average volume of 3,879,027. VICI Properties Inc has a 1-year low of $20.47 and a 1-year high of $26.25. The company has a quick ratio of 83.01, a current ratio of 83.01 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $12.06 billion, a PE ratio of 18.34, a price-to-earnings-growth ratio of 1.60 and a beta of 0.85. The business has a 50 day moving average of $25.08 and a 200 day moving average of $23.19.
VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.34 by ($0.03). VICI Properties had a net margin of 66.78% and a return on equity of 7.84%. The company had revenue of $222.51 million for the quarter, compared to analyst estimates of $224.50 million. During the same quarter last year, the company earned $0.36 EPS. The business’s revenue was down 4.4% compared to the same quarter last year. As a group, research analysts expect that VICI Properties Inc will post 1.49 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Friday, December 27th were issued a dividend of $0.2975 per share. The ex-dividend date was Thursday, December 26th. This represents a $1.19 annualized dividend and a dividend yield of 4.52%. This is an increase from VICI Properties’s previous quarterly dividend of $0.29. VICI Properties’s dividend payout ratio is 83.22%.
A number of brokerages have commented on VICI. Deutsche Bank set a $28.00 target price on shares of VICI Properties and gave the stock a “buy” rating in a report on Monday, November 4th. Zacks Investment Research reiterated a “buy” rating and issued a $28.00 target price on shares of VICI Properties in a report on Saturday, January 11th. Finally, Citigroup upgraded shares of VICI Properties from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $26.00 to $28.00 in a report on Thursday, December 12th. Nine equities research analysts have rated the stock with a buy rating, VICI Properties has an average rating of “Buy” and a consensus target price of $26.50.
VICI Properties Profile
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
Further Reading: Are sell-side analysts objective?
Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc (NYSE:VICI).
Receive News & Ratings for VICI Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VICI Properties and related companies with MarketBeat.com's FREE daily email newsletter.