Motco Sells 513 Shares of VICI Properties Inc. (NYSE:VICI)

Motco decreased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 0.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 138,328 shares of the company’s stock after selling 513 shares during the period. Motco’s holdings in VICI Properties were worth $4,041,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Venturi Wealth Management LLC grew its position in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after purchasing an additional 431 shares during the last quarter. Kestra Investment Management LLC acquired a new position in VICI Properties in the 4th quarter valued at $33,000. Whipplewood Advisors LLC bought a new position in VICI Properties during the 4th quarter worth $40,000. Continuum Advisory LLC increased its position in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares during the period. Finally, Cromwell Holdings LLC boosted its position in shares of VICI Properties by 31.3% in the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock valued at $61,000 after acquiring an additional 494 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI Properties stock opened at $32.32 on Friday. The stock has a market cap of $34.14 billion, a PE ratio of 12.62, a P/E/G ratio of 3.88 and a beta of 0.95. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The business’s 50-day moving average price is $29.81 and its two-hundred day moving average price is $31.46.

VICI Properties (NYSE:VICI) last released its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The company had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. As a group, analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.35%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 67.58%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on VICI. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Truist Financial dropped their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Stifel Nicolaus lifted their price objective on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a report on Friday, February 21st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

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.