Land & Buildings Investment Management LLC lowered its position in VICI Properties Inc. (NYSE:VICI) by 23.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 776,537 shares of the company’s stock after selling 232,790 shares during the quarter. VICI Properties accounts for approximately 4.7% of Land & Buildings Investment Management LLC’s holdings, making the stock its 9th biggest holding. Land & Buildings Investment Management LLC owned about 0.14% of VICI Properties worth $21,929,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the company. First Trust Advisors LP increased its stake in shares of VICI Properties by 216.9% in the first quarter. First Trust Advisors LP now owns 217,789 shares of the company’s stock worth $4,765,000 after buying an additional 149,067 shares during the last quarter. Amundi Pioneer Asset Management Inc. increased its position in shares of VICI Properties by 2.4% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 757,719 shares of the company’s stock worth $16,579,000 after purchasing an additional 17,428 shares during the last quarter. Koshinski Asset Management Inc. acquired a new position in VICI Properties in the fourth quarter worth about $3,932,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in VICI Properties in the fourth quarter valued at about $357,000. Finally, LPL Financial LLC increased its holdings in VICI Properties by 19.3% in the fourth quarter. LPL Financial LLC now owns 19,345 shares of the company’s stock valued at $493,000 after buying an additional 3,134 shares during the last quarter.
VICI has been the subject of several research reports. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 target price (up previously from $28.00) on shares of VICI Properties in a research report on Monday, May 10th. Raymond James increased their target price on shares of VICI Properties from $34.00 to $36.00 and gave the stock a “strong-buy” rating in a report on Friday, June 4th. Wolfe Research started coverage on shares of VICI Properties in a research report on Monday, June 14th. They set an “outperform” rating and a $47.00 price objective for the company. Zacks Investment Research lowered shares of VICI Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, July 6th. Finally, LADENBURG THALM/SH SH upped their target price on VICI Properties from $28.00 to $33.50 and gave the company a “buy” rating in a report on Monday, April 26th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $32.96.
VICI Properties (NYSE:VICI) last released its earnings results on Thursday, April 29th. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.03. VICI Properties had a net margin of 88.15% and a return on equity of 12.07%. As a group, equities analysts anticipate that VICI Properties Inc. will post 1.86 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 8th. Investors of record on Thursday, June 24th were paid a dividend of $0.33 per share. The ex-dividend date was Wednesday, June 23rd. This represents a $1.32 dividend on an annualized basis and a dividend yield of 4.17%. VICI Properties’s dividend payout ratio is presently 80.49%.
VICI Properties Profile
VICI Properties, Inc is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property.
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