Nicola Wealth Management LTD. Sells 4,900 Shares of VICI Properties Inc. (NYSE:VICI)

Nicola Wealth Management LTD. cut its position in shares of VICI Properties Inc. (NYSE:VICI) by 8.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 50,085 shares of the company’s stock after selling 4,900 shares during the quarter. Nicola Wealth Management LTD.’s holdings in VICI Properties were worth $1,463,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. State Street Corp boosted its holdings in VICI Properties by 2.1% during the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after acquiring an additional 1,164,717 shares during the period. Geode Capital Management LLC boosted its holdings in VICI Properties by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock valued at $945,712,000 after acquiring an additional 608,696 shares during the period. Principal Financial Group Inc. boosted its holdings in VICI Properties by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock valued at $706,962,000 after acquiring an additional 130,659 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in VICI Properties by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company’s stock valued at $356,635,000 after acquiring an additional 385,649 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in VICI Properties by 599.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock valued at $297,685,000 after acquiring an additional 7,658,819 shares during the period. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Trading Up 0.6 %

VICI opened at $32.67 on Tuesday. The stock has a market cap of $34.51 billion, a PE ratio of 12.76, a PEG ratio of 3.88 and a beta of 0.95. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average of $29.89 and a 200-day moving average of $31.47. 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 analysts’ consensus estimates of $0.67 by ($0.10). The firm had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Equities research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.30%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is presently 67.58%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Truist Financial dropped their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Barclays dropped their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Mizuho dropped their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.