Western Wealth Management LLC Sells 4,284 Shares of VICI Properties Inc. (NYSE:VICI)

Western Wealth Management LLC lessened its holdings in VICI Properties Inc. (NYSE:VICI) by 17.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,936 shares of the company’s stock after selling 4,284 shares during the quarter. Western Wealth Management LLC’s holdings in VICI Properties were worth $612,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of VICI. Capital Research Global Investors lifted its holdings in VICI Properties by 1.8% in the fourth 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 during the period. Geode Capital Management LLC raised 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 acquiring an additional 1,036,344 shares during the last quarter. Capital World Investors lifted its stake in shares of VICI Properties by 11.4% in the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company’s stock valued at $827,160,000 after purchasing an additional 2,903,744 shares during the period. Principal Financial Group Inc. boosted its position in shares of VICI Properties by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock worth $706,962,000 after purchasing an additional 130,659 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of VICI Properties during the fourth quarter worth $419,932,000. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

VICI has been the subject of a number of recent analyst reports. Robert W. Baird upped their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Barclays upped their price target on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Truist Financial lifted their price objective on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. JMP Securities restated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Finally, Wells Fargo & Company increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. Three 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $35.18.

VICI Properties Stock Up 0.9%

Shares of VICI Properties stock opened at $31.49 on Friday. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29. 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 simple moving average is $31.67 and its 200 day simple moving average is $31.05. The firm has a market cap of $33.28 billion, a PE ratio of 12.30, a P/E/G ratio of 3.88 and a beta of 0.74.

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

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.49%. VICI Properties’s dividend payout ratio (DPR) is presently 69.20%.

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.