Meiji Yasuda Asset Management Co Ltd. Reduces Stock Position in VICI Properties Inc. (NYSE:VICI)

Meiji Yasuda Asset Management Co Ltd. lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 1.4% during the fourth quarter, Holdings Channel reports. The firm owned 108,113 shares of the company’s stock after selling 1,528 shares during the quarter. Meiji Yasuda Asset Management Co Ltd.’s holdings in VICI Properties were worth $3,158,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VICI. Venturi Wealth Management LLC raised its holdings in VICI Properties by 64.1% in the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after purchasing an additional 431 shares in the last quarter. Kestra Investment Management LLC purchased a new position in shares of VICI Properties during the fourth quarter valued at about $33,000. Whipplewood Advisors LLC bought a new position in VICI Properties in the fourth quarter worth about $40,000. Continuum Advisory LLC lifted its holdings in VICI Properties by 30.5% in the third 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 VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock valued at $61,000 after acquiring an additional 494 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI stock opened at $31.65 on Wednesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The company has a market capitalization of $33.44 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The company’s 50-day moving average is $30.96 and its 200 day moving average is $31.39.

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

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.4325 per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.47%. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Stifel Nicolaus increased their target price on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Mizuho decreased their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Truist Financial dropped their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company increased their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Finally, JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $34.20.

VICI Properties Profile

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.