Sentry Investment Management LLC Lowers Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Sentry Investment Management LLC lessened its holdings in VICI Properties Inc. (NYSE:VICI) by 14.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 4,042 shares of the company’s stock after selling 658 shares during the period. Sentry Investment Management LLC’s holdings in VICI Properties were worth $118,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of VICI. International Assets Investment Management LLC lifted its position in shares of VICI Properties by 4,877.4% in the 3rd quarter. International Assets Investment Management LLC now owns 247,427 shares of the company’s stock worth $8,242,000 after purchasing an additional 242,456 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of VICI Properties by 15.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 29,188 shares of the company’s stock worth $972,000 after purchasing an additional 3,864 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of VICI Properties by 27.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 129,287 shares of the company’s stock worth $4,282,000 after purchasing an additional 28,063 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of VICI Properties by 39.6% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 98,594 shares of the company’s stock worth $3,284,000 after purchasing an additional 27,962 shares during the period. Finally, Pathway Financial Advisers LLC lifted its position in shares of VICI Properties by 13.2% in the 3rd quarter. Pathway Financial Advisers LLC now owns 93,843 shares of the company’s stock worth $3,126,000 after purchasing an additional 10,923 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 0.8 %

Shares of VICI Properties stock opened at $32.36 on Thursday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The firm has a market capitalization of $34.18 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 3.88 and a beta of 0.95. The firm’s 50 day simple moving average is $29.73 and its two-hundred day simple moving average is $31.45.

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

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.35%. VICI Properties’s payout ratio is 67.58%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VICI. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Truist Financial lowered their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JMP Securities reiterated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Finally, Mizuho reduced their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.