United Capital Financial Advisors LLC Has $774,000 Position in VICI Properties Inc. (NYSE:VICI)

United Capital Financial Advisors LLC trimmed its position in VICI Properties Inc. (NYSE:VICI) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,514 shares of the company’s stock after selling 1,444 shares during the quarter. United Capital Financial Advisors LLC’s holdings in VICI Properties were worth $774,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in VICI. Geode Capital Management LLC increased its stake in shares of VICI Properties by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock valued at $860,107,000 after purchasing an additional 1,036,344 shares during the last quarter. Principal Financial Group Inc. grew its position in VICI Properties by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock valued at $706,962,000 after acquiring an additional 130,659 shares during the last quarter. Norges Bank acquired a new position in VICI Properties during the fourth quarter worth about $419,932,000. Invesco Ltd. lifted its holdings in shares of VICI Properties by 5.4% in the fourth quarter. Invesco Ltd. now owns 13,414,045 shares of the company’s stock worth $391,824,000 after acquiring an additional 692,092 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of VICI Properties by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company’s stock valued at $356,635,000 after purchasing an additional 385,649 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Wells Fargo & Company increased 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. Truist Financial cut their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Mizuho lifted their price target on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Finally, Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.63.

VICI Properties Stock Up 1.6 %

Shares of NYSE VICI opened at $32.56 on Friday. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The company’s 50 day moving average price is $31.61 and its 200-day moving average price is $31.14. The company has a market capitalization of $34.40 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI) last issued its quarterly earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. Equities analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.31%. VICI Properties’s payout ratio is currently 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.