Daiwa Securities Group Inc. Has $343.20 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Daiwa Securities Group Inc. trimmed its holdings in VICI Properties Inc. (NYSE:VICI) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,749,367 shares of the company’s stock after selling 237,761 shares during the period. VICI Properties accounts for 1.5% of Daiwa Securities Group Inc.’s holdings, making the stock its 16th largest position. Daiwa Securities Group Inc.’s holdings in VICI Properties were worth $343,199,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in VICI. Atria Wealth Solutions Inc. lifted its stake in VICI Properties by 145.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock worth $1,189,000 after purchasing an additional 24,159 shares during the last quarter. Oxbow Advisors LLC bought a new stake in VICI Properties during the 4th quarter worth approximately $3,817,000. CHURCHILL MANAGEMENT Corp increased its holdings in VICI Properties by 2.9% in the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after purchasing an additional 8,834 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of VICI Properties by 8.0% in the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after buying an additional 40,733 shares during the period. Finally, Border to Coast Pensions Partnership Ltd increased its position in VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock valued at $13,282,000 after purchasing an additional 130,000 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of VICI stock opened at $32.65 on Monday. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The firm’s 50 day moving average is $30.22 and its 200 day moving average is $31.48. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $34.49 billion, a P/E ratio of 12.76, a PEG ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate 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 net margin of 69.59% and a return on equity of 10.24%. On average, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio is currently 67.58%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their price target on shares of VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 21st. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. JMP Securities reissued a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Finally, Truist Financial dropped 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. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.30.

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.