Skba Capital Management LLC Trims Holdings in VICI Properties Inc. (NYSE:VICI)

Skba Capital Management LLC lowered its position in VICI Properties Inc. (NYSE:VICI) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 318,450 shares of the company’s stock after selling 11,700 shares during the quarter. Skba Capital Management LLC’s holdings in VICI Properties were worth $9,302,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. O Shaughnessy Asset Management LLC raised its position in VICI Properties by 1.6% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 108,240 shares of the company’s stock valued at $3,162,000 after purchasing an additional 1,705 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of VICI Properties by 3.9% in the 4th quarter. California Public Employees Retirement System now owns 2,364,794 shares of the company’s stock valued at $69,076,000 after acquiring an additional 88,000 shares during the last quarter. DnB Asset Management AS boosted its holdings in VICI Properties by 11.8% during the 4th quarter. DnB Asset Management AS now owns 202,645 shares of the company’s stock valued at $5,919,000 after acquiring an additional 21,365 shares during the period. Orion Portfolio Solutions LLC grew its position in VICI Properties by 7.9% during the 4th quarter. Orion Portfolio Solutions LLC now owns 43,368 shares of the company’s stock worth $1,267,000 after acquiring an additional 3,164 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in VICI Properties by 3.4% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,700,937 shares of the company’s stock valued at $49,684,000 after purchasing an additional 56,374 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 0.3 %

NYSE:VICI opened at $31.99 on Monday. 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 company’s 50-day simple moving average is $31.13 and its 200 day simple moving average is $31.35. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The firm has a market capitalization of $33.80 billion, a P/E ratio of 12.49, a PEG ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last issued 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 firm had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. As a group, analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business 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 is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.41%. VICI Properties’s dividend payout ratio (DPR) is 67.58%.

Analysts Set New Price Targets

Several research analysts recently commented on VICI shares. Mizuho decreased their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Wells Fargo & Company upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. 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. Truist Financial reduced their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, Barclays raised their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.23.

VICI Properties Company 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.