Delta Investment Management LLC Lowers Stock Position in VICI Properties Inc. (NYSE:VICI)

Delta Investment Management LLC reduced its stake in shares of VICI Properties Inc. (NYSE:VICI) by 46.7% during the fourth quarter, Holdings Channel reports. The institutional investor owned 10,545 shares of the company’s stock after selling 9,233 shares during the period. Delta Investment Management LLC’s holdings in VICI Properties were worth $308,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Capital Research Global Investors lifted its position in shares of VICI Properties by 1.8% during the 4th quarter. Capital Research Global Investors now owns 54,511,574 shares of the company’s stock valued at $1,592,283,000 after buying an additional 984,421 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock valued at $860,107,000 after buying an additional 1,036,344 shares in the last quarter. Capital World Investors lifted its position in shares of VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company’s stock valued at $827,160,000 after buying an additional 2,903,744 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of 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 buying an additional 130,659 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of VICI Properties during the 4th quarter valued at about $419,932,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

NYSE VICI opened at $31.92 on Wednesday. The company has a market cap of $33.73 billion, a P/E ratio of 12.47, a P/E/G ratio of 3.88 and a beta of 0.74. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The business’s 50 day moving average price is $31.74 and its 200-day moving average price is $31.05. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.58. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $984.20 million during the quarter, compared to analysts’ expectations of $976.51 million. During the same quarter in the previous year, the business earned $0.56 EPS. VICI Properties’s revenue was up 3.4% compared to the same quarter last year. Sell-side analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties’s payout ratio is currently 69.20%.

Analyst Upgrades and Downgrades

VICI has been the topic of several recent analyst reports. JMP Securities reissued a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Mizuho lifted their target price on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Wells Fargo & Company lifted their target price on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Barclays lifted their target price on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Finally, Stifel Nicolaus lifted their target price on VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a research note on Thursday, May 1st. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.18.

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.