Barrow Hanley Mewhinney & Strauss LLC Reduces Position in VICI Properties Inc. (NYSE:VICI)

Barrow Hanley Mewhinney & Strauss LLC reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,569,319 shares of the company’s stock after selling 314,110 shares during the quarter. VICI Properties comprises 1.3% of Barrow Hanley Mewhinney & Strauss LLC’s investment portfolio, making the stock its 29th biggest position. Barrow Hanley Mewhinney & Strauss LLC owned about 1.19% of VICI Properties worth $367,150,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of VICI. Venturi Wealth Management LLC grew its holdings in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares in the last quarter. Kestra Investment Management LLC purchased a new position in VICI Properties during the fourth quarter valued at approximately $33,000. Whipplewood Advisors LLC purchased a new position in VICI Properties during the fourth quarter valued at approximately $40,000. Continuum Advisory LLC increased its holdings in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares during the period. Finally, Cromwell Holdings LLC lifted its stake in VICI Properties by 31.3% in the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after purchasing an additional 494 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

Shares of NYSE VICI opened at $31.99 on Friday. The company has a 50 day simple moving average of $31.13 and a two-hundred day simple moving average of $31.36. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a market capitalization of $33.80 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 3.88 and a beta of 0.94. 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 (NYSE:VICI) last posted its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share 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 the consensus estimate of $969.29 million. Analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is 67.58%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on VICI shares. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Mizuho cut their price target 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. Barclays upped their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a report on Tuesday, March 4th. Finally, Wells Fargo & Company increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $34.23.

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.