Transcend Capital Advisors LLC Decreases Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Transcend Capital Advisors LLC lessened its holdings in VICI Properties Inc. (NYSE:VICI) by 53.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,101 shares of the company’s stock after selling 8,191 shares during the quarter. Transcend Capital Advisors LLC’s holdings in VICI Properties were worth $207,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Paradigm Asset Management Co. LLC acquired a new position in shares of VICI Properties during the 4th quarter worth about $1,151,000. Cromwell Holdings LLC lifted its stake in VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after purchasing an additional 494 shares during the last quarter. Concurrent Investment Advisors LLC boosted its holdings in VICI Properties by 341.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 41,905 shares of the company’s stock valued at $1,224,000 after purchasing an additional 32,413 shares in the last quarter. Handelsbanken Fonder AB increased its stake in VICI Properties by 21.4% in the fourth quarter. Handelsbanken Fonder AB now owns 720,805 shares of the company’s stock valued at $21,055,000 after purchasing an additional 126,953 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in VICI Properties by 1.7% during the fourth quarter. Ieq Capital LLC now owns 54,166 shares of the company’s stock worth $1,582,000 after purchasing an additional 909 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI Properties stock opened at $32.01 on Tuesday. The business has a 50 day simple moving average of $29.61 and a 200-day simple moving average of $31.44. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market capitalization of $33.81 billion, a PE ratio of 12.50, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The firm had revenue of $976.05 million for the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Equities analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current 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 given a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.41%. VICI Properties’s payout ratio is currently 67.58%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on VICI shares. Stifel Nicolaus upped their target price on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a report on Friday. JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Truist Financial cut their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Barclays decreased their target price on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. 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 assigned a buy rating to the company. Based on data from MarketBeat.com, the stock 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.