Silvercrest Asset Management Group LLC Trims Holdings in VICI Properties Inc. (NYSE:VICI)

Silvercrest Asset Management Group LLC reduced its stake in VICI Properties Inc. (NYSE:VICI) by 1.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 56,763 shares of the company’s stock after selling 716 shares during the quarter. Silvercrest Asset Management Group LLC’s holdings in VICI Properties were worth $1,658,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Park Avenue Securities LLC grew its position in VICI Properties by 14.4% in the 4th quarter. Park Avenue Securities LLC now owns 23,298 shares of the company’s stock valued at $681,000 after acquiring an additional 2,924 shares in the last quarter. Merit Financial Group LLC acquired a new stake in shares of VICI Properties during the fourth quarter worth about $693,000. Ulland Investment Advisors LLC purchased a new position in shares of VICI Properties in the fourth quarter valued at approximately $167,000. Royal Fund Management LLC acquired a new position in shares of VICI Properties in the fourth quarter valued at approximately $2,343,000. Finally, Chesley Taft & Associates LLC purchased a new stake in VICI Properties during the 4th quarter worth approximately $224,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

VICI has been the topic of a number of research reports. Stifel Nicolaus increased their target price on shares of VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a report on Thursday, May 1st. Truist Financial upped their price objective on VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research report on Wednesday, April 23rd. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Barclays boosted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Finally, Robert W. Baird upped their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $35.18.

VICI Properties Stock Performance

Shares of VICI stock opened at $31.92 on Wednesday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a fifty day moving average price of $31.74 and a 200 day moving average price of $31.05. The company has a market cap of $33.73 billion, a P/E ratio of 12.47, a PEG ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29.

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

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a $0.4325 dividend. 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 dividend payout ratio (DPR) is 69.20%.

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.