DNB Asset Management AS cut its position in VICI Properties Inc (NYSE:VICI) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,674 shares of the company’s stock after selling 24,490 shares during the quarter. DNB Asset Management AS’s holdings in VICI Properties were worth $2,072,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. Envestnet Asset Management Inc. lifted its position in VICI Properties by 17.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 441,466 shares of the company’s stock valued at $10,317,000 after purchasing an additional 64,980 shares during the last quarter. State of Alaska Department of Revenue lifted its position in VICI Properties by 14.5% in the 3rd quarter. State of Alaska Department of Revenue now owns 152,693 shares of the company’s stock valued at $3,568,000 after purchasing an additional 19,308 shares during the last quarter. Two Sigma Advisers LP bought a new stake in VICI Properties in the 2nd quarter valued at about $828,000. Mitsubishi UFJ Trust & Banking Corp lifted its position in VICI Properties by 1.0% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 367,249 shares of the company’s stock valued at $7,415,000 after purchasing an additional 3,792 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its position in VICI Properties by 12.0% in the 2nd quarter. Principal Financial Group Inc. now owns 10,691,161 shares of the company’s stock valued at $215,855,000 after purchasing an additional 1,148,781 shares during the last quarter.
VICI Properties stock opened at $23.68 on Friday. The firm’s 50 day simple moving average is $23.63 and its 200-day simple moving average is $20.55. The company has a market cap of $12.64 billion, a P/E ratio of 25.19, a price-to-earnings-growth ratio of 1.60 and a beta of 1.13. The company has a debt-to-equity ratio of 0.74, a current ratio of 99.57 and a quick ratio of 99.57. VICI Properties Inc has a fifty-two week low of $9.85 and a fifty-two week high of $28.75.
VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, July 29th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.35 by $0.01. The business had revenue of $257.90 million for the quarter, compared to the consensus estimate of $255.74 million. VICI Properties had a net margin of 46.09% and a return on equity of 4.80%. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. On average, analysts expect that VICI Properties Inc will post 1.62 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 30th were given a $0.33 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 5.57%. The ex-dividend date was Tuesday, September 29th. VICI Properties’s dividend payout ratio (DPR) is 89.19%.
A number of analysts have commented on VICI shares. ValuEngine downgraded shares of VICI Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Citigroup boosted their price target on shares of VICI Properties from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. TheStreet upgraded shares of VICI Properties from a “c” rating to a “b-” rating in a research report on Tuesday, September 1st. Jefferies Financial Group restated a “buy” rating and set a $32.00 price target on shares of VICI Properties in a research report on Wednesday, July 8th. Finally, Scotiabank started coverage on shares of VICI Properties in a research report on Wednesday, July 1st. They set an “outperform” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. VICI Properties has a consensus rating of “Buy” and a consensus price target of $25.89.
In related news, COO John W. R. Payne purchased 9,200 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was acquired at an average cost of $21.63 per share, for a total transaction of $198,996.00. Following the completion of the acquisition, the chief operating officer now owns 116,100 shares in the company, valued at approximately $2,511,243. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James R. Abrahamson purchased 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 14th. The shares were bought at an average price of $24.79 per share, with a total value of $123,950.00. Following the completion of the acquisition, the director now owns 90,784 shares of the company’s stock, valued at approximately $2,250,535.36. The disclosure for this purchase can be found here. Company insiders own 0.16% of the company’s stock.
About VICI Properties
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
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