Landscape Capital Management L.L.C. Sells 6,206 Shares of VICI Properties Inc. (NYSE:VICI)

Landscape Capital Management L.L.C. cut its position in VICI Properties Inc. (NYSE:VICI) by 13.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 40,668 shares of the company’s stock after selling 6,206 shares during the period. Landscape Capital Management L.L.C.’s holdings in VICI Properties were worth $1,188,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VICI. Venturi Wealth Management LLC grew 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 valued at $32,000 after buying an additional 431 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties during the 4th quarter valued at $33,000. Whipplewood Advisors LLC bought a new stake in shares of VICI Properties during the fourth quarter worth about $40,000. Continuum Advisory LLC increased its position in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares during the period. Finally, Cromwell Holdings LLC raised 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 worth $61,000 after purchasing an additional 494 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on VICI shares. Wells Fargo & Company boosted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Stifel Nicolaus increased their price target on VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research report on Thursday, March 27th. Mizuho upped their price objective on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Truist Financial lowered their price target 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. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.63.

VICI Properties Stock Down 3.4 %

NYSE:VICI opened at $30.57 on Friday. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The firm’s 50-day moving average price is $31.36 and its 200-day moving average price is $31.30. The company has a market capitalization of $32.30 billion, a PE ratio of 11.94, a P/E/G ratio of 3.88 and a beta of 0.70. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

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 analysts’ expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, equities analysts predict 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 was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.66%. The ex-dividend date was Thursday, March 20th. VICI Properties’s dividend payout ratio is presently 67.58%.

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.