Oppenheimer Asset Management Inc. Reduces Stock Position in VICI Properties Inc. (NYSE:VICI)

Oppenheimer Asset Management Inc. trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 567,552 shares of the company’s stock after selling 29,877 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in VICI Properties were worth $16,578,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in VICI Properties by 599.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after buying an additional 7,658,819 shares during the period. Los Angeles Capital Management LLC boosted its stake in shares of VICI Properties by 367.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after purchasing an additional 1,744,939 shares during the period. State Street Corp grew its holdings in VICI Properties by 2.1% during the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after purchasing an additional 1,164,717 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its position in VICI Properties by 127.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company’s stock worth $50,099,000 after purchasing an additional 960,706 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after buying an additional 770,195 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Down 0.2 %

Shares of NYSE VICI opened at $32.32 on Friday. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The stock’s fifty day simple moving average is $29.81 and its two-hundred day simple moving average is $31.46. The stock has a market capitalization of $34.14 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

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

VICI Properties Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently weighed in on VICI shares. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Barclays dropped their target price on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Truist Financial decreased 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 note on Tuesday, January 14th. Stifel Nicolaus increased their price objective on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. Finally, Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.