VICI Properties Inc. $VICI Stock Position Lowered by Keeler Thomas Management LLC

Keeler Thomas Management LLC trimmed its position in shares of VICI Properties Inc. (NYSE:VICI) by 45.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 30,167 shares of the company’s stock after selling 25,587 shares during the quarter. Keeler Thomas Management LLC’s holdings in VICI Properties were worth $693,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in VICI. BlackRock Inc. acquired a new position in VICI Properties during the second quarter valued at $3,433,817,000. State Street Corp lifted its stake in VICI Properties by 4.5% in the 2nd quarter. State Street Corp now owns 67,155,780 shares of the company’s stock worth $1,812,259,000 after acquiring an additional 2,920,133 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in VICI Properties by 1.8% in the 2nd quarter. Allianz Asset Management GmbH now owns 31,527,182 shares of the company’s stock worth $837,047,000 after acquiring an additional 566,922 shares in the last quarter. Bank of America Corp DE acquired a new stake in VICI Properties during the 2nd quarter worth about $778,709,000. Finally, Dimensional Fund Advisors LP boosted its position in VICI Properties by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 15,457,602 shares of the company’s stock worth $422,294,000 after acquiring an additional 344,355 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

NYSE VICI opened at $24.98 on Tuesday. The company has a current ratio of 1.98, a quick ratio of 1.98 and a debt-to-equity ratio of 0.57. The company has a fifty day simple moving average of $24.12 and a 200 day simple moving average of $26.95. The company has a market cap of $27.50 billion, a P/E ratio of 11.46 and a beta of 0.65. VICI Properties Inc. has a 1 year low of $22.42 and a 1 year high of $30.83.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data on Wednesday, October 28th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.41). VICI Properties had a return on equity of 8.14% and a net margin of 56.46%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the firm posted $0.60 EPS. VICI Properties’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, sell-side analysts predict that VICI Properties Inc. will post 2.47 EPS for the current year.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 8th. Investors of record on Thursday, September 17th were paid a $0.46 dividend. The ex-dividend date was Thursday, September 17th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. This represents a $1.84 dividend on an annualized basis and a dividend yield of 7.4%. VICI Properties’s dividend payout ratio is currently 84.40%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on VICI shares. Evercore set a $30.00 price target on shares of VICI Properties in a research report on Monday, September 21st. Truist Financial lowered their price objective on shares of VICI Properties from $38.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, October 20th. JPMorgan Chase & Co. downgraded shares of VICI Properties from an “overweight” rating to a “neutral” rating and set a $30.00 price objective on the stock. in a research report on Thursday, September 24th. Morgan Stanley dropped their price objective on shares of VICI Properties from $31.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 15th. Finally, Citigroup reiterated a “market outperform” rating on shares of VICI Properties in a research report on Thursday. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.61.

VICI Properties Profile

VICI Properties Inc (NYSE:VICI) is a real estate investment trust that owns and manages experiential properties, with a primary focus on gaming, hospitality and entertainment destinations. The company’s portfolio includes the real estate associated with well-known casinos, resorts, racetracks and golf facilities.

VICI generally leases its properties to gaming and entertainment operators through long-term, triple-net lease agreements. Its tenants operate the properties and are typically responsible for property-level expenses such as maintenance, insurance and taxes, while VICI focuses on owning, maintaining and expanding its real estate portfolio.

The company was established in 2017 as part of the restructuring of Caesars Entertainment Operating Company.