Securian Asset Management Inc. Sells 1,261 Shares of VICI Properties Inc. (NYSE:VICI)

Securian Asset Management Inc. lessened its holdings in VICI Properties Inc. (NYSE:VICI) by 2.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,656 shares of the company’s stock after selling 1,261 shares during the quarter. Securian Asset Management Inc.’s holdings in VICI Properties were worth $1,655,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC boosted its position in shares of VICI Properties by 64.1% in 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 during the period. Kestra Investment Management LLC bought a new stake in shares of VICI Properties in the fourth quarter valued at about $33,000. Whipplewood Advisors LLC bought a new stake in shares of VICI Properties in the fourth quarter valued at about $40,000. Continuum Advisory LLC boosted its position 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 valued at $50,000 after acquiring an additional 374 shares during the period. Finally, Brown Brothers Harriman & Co. boosted its position in shares of VICI Properties by 512.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after acquiring an additional 1,630 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI Properties stock opened at $31.53 on Friday. The business has a 50 day moving average of $30.41 and a 200-day moving average of $31.48. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market capitalization of $33.30 billion, a P/E ratio of 12.32, a P/E/G ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last released its quarterly earnings data 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 firm had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. On average, equities research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The company 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. This represents a $1.73 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 67.58%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on VICI shares. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Stifel Nicolaus upped their price objective on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Truist Financial cut their price objective 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. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Finally, Wells Fargo & Company upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

VICI Properties Profile

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.