Bank of New York Mellon Corp Sells 131,564 Shares of VICI Properties Inc. $VICI

Bank of New York Mellon Corp reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 2.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,516,202 shares of the company’s stock after selling 131,564 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.52% of VICI Properties worth $179,883,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VICI. State of Wyoming bought a new position in VICI Properties in the second quarter valued at $26,000. Parvin Asset Management LLC bought a new stake in VICI Properties during the 2nd quarter worth about $27,000. Hantz Financial Services Inc. boosted its stake in shares of VICI Properties by 489.2% during the 2nd quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock worth $28,000 after buying an additional 724 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of VICI Properties during the 2nd quarter worth about $28,000. Finally, Godsey & Gibb Inc. bought a new position in shares of VICI Properties in the 3rd quarter valued at about $29,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Down 0.1%

VICI opened at $28.07 on Friday. VICI Properties Inc. has a 1-year low of $27.48 and a 1-year high of $34.03. The stock’s fifty day simple moving average is $28.22 and its 200 day simple moving average is $30.72. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The stock has a market cap of $30.00 billion, a PE ratio of 10.71, a price-to-earnings-growth ratio of 2.80 and a beta of 0.70.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Thursday, October 30th. The company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1 billion. VICI Properties had a net margin of 70.18% and a return on equity of 10.17%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 earnings per share. As a group, research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were paid a $0.45 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a yield of 6.4%. VICI Properties’s dividend payout ratio is 68.70%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on VICI shares. Cantor Fitzgerald set a $33.00 target price on VICI Properties in a report on Monday, January 5th. Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Barclays dropped their price objective on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 3rd. Mizuho decreased their target price on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, December 17th. Finally, Wells Fargo & Company restated an “equal weight” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $33.85.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.