Laurion Capital Management LP Lowers Stock Position in VICI Properties Inc. (NYSE:VICI)

Laurion Capital Management LP cut its position in shares of VICI Properties Inc. (NYSE:VICI) by 56.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 87,503 shares of the company’s stock after selling 115,245 shares during the period. Laurion Capital Management LP’s holdings in VICI Properties were worth $2,556,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its stake in VICI Properties by 3.2% during the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after buying an additional 340 shares during the period. Carret Asset Management LLC boosted its stake in VICI Properties by 0.5% during the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock worth $2,034,000 after buying an additional 354 shares during the period. Sheaff Brock Investment Advisors LLC boosted its stake in VICI Properties by 0.9% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock worth $1,206,000 after buying an additional 372 shares during the period. Benjamin Edwards Inc. boosted its stake in VICI Properties by 3.1% during the fourth quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company’s stock worth $369,000 after buying an additional 378 shares during the period. Finally, V Square Quantitative Management LLC boosted its stake in shares of VICI Properties by 3.3% in the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock valued at $357,000 after purchasing an additional 391 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Up 1.0%

Shares of NYSE:VICI opened at $31.89 on Monday. The firm’s 50 day moving average price is $31.81 and its 200 day moving average price is $31.07. The stock has a market cap of $33.70 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties (NYSE:VICI) last issued its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share for the quarter, meeting the consensus estimate of $0.58. The firm had revenue of $984.20 million for the quarter, compared to analysts’ expectations of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 earnings per share. As a group, 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.42%. VICI Properties’s payout ratio is currently 69.20%.

Wall Street Analyst Weigh In

VICI has been the subject of several recent research reports. Wells Fargo & Company raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Truist Financial raised their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the company a “buy” rating in a research note on Wednesday, April 23rd. Stifel Nicolaus raised their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a research note on Thursday, May 1st. Robert W. Baird raised their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Finally, Mizuho raised their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.07.

VICI Properties Company 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.