Pictet Asset Management Holding SA Sells 21,737 Shares of VICI Properties Inc. (NYSE:VICI)

Pictet Asset Management Holding SA lessened its stake in VICI Properties Inc. (NYSE:VICI) by 3.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 618,675 shares of the company’s stock after selling 21,737 shares during the period. Pictet Asset Management Holding SA’s holdings in VICI Properties were worth $18,071,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Venturi Wealth Management LLC increased its position in VICI Properties by 64.1% during the 4th 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 period. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties during the fourth quarter worth $33,000. Whipplewood Advisors LLC bought a new position in VICI Properties during the fourth quarter worth $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 valued at $50,000 after buying an additional 374 shares during the period. Finally, Cromwell Holdings LLC grew its holdings in VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $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 Down 0.6 %

Shares of NYSE VICI opened at $32.43 on Wednesday. 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 has a 50-day moving average price of $31.24 and a 200-day moving average price of $31.33. The stock has a market capitalization of $34.27 billion, a P/E ratio of 12.67, a P/E/G ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties (NYSE:VICI) last released its quarterly earnings results 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). The company had revenue of $976.05 million for the quarter, compared to analyst estimates of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. On average, equities research analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.33%. The ex-dividend date is Thursday, March 20th. VICI Properties’s payout ratio is currently 67.58%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on VICI shares. JMP Securities reissued 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 price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays lifted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Mizuho cut 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. Finally, Stifel Nicolaus lifted their price target on shares of VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research note on Thursday, March 27th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $34.23.

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.