Marshall Wace LLP Reduces Stake in VICI Properties Inc. (NYSE:VICI)

Marshall Wace LLP cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 26.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,168,619 shares of the company’s stock after selling 410,363 shares during the period. Marshall Wace LLP owned 0.11% of VICI Properties worth $34,135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of the stock. World Investment Advisors LLC purchased a new position in VICI Properties during the third quarter worth $441,000. Wilmington Savings Fund Society FSB bought a new stake in shares of VICI Properties in the 3rd quarter worth about $125,000. Tidal Investments LLC boosted its stake in shares of VICI Properties by 11.9% during the 3rd quarter. Tidal Investments LLC now owns 52,678 shares of the company’s stock worth $1,755,000 after purchasing an additional 5,620 shares during the period. Synovus Financial Corp grew its holdings in VICI Properties by 53.6% during the 3rd quarter. Synovus Financial Corp now owns 22,198 shares of the company’s stock valued at $739,000 after purchasing an additional 7,742 shares during the last quarter. Finally, GAMMA Investing LLC lifted its stake in VICI Properties by 18.4% in the fourth quarter. GAMMA Investing LLC now owns 13,984 shares of the company’s stock worth $408,000 after purchasing an additional 2,172 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Barclays upped their target price on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Mizuho boosted their target price on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research note on Thursday, April 3rd. Stifel Nicolaus upped their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a report on Thursday, March 27th. Finally, Wells Fargo & Company lifted their price objective 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and an average price target of $34.63.

VICI Properties Price Performance

Shares of VICI opened at $32.56 on Friday. The stock has a market capitalization of $34.40 billion, a PE ratio of 12.72, a PEG ratio of 3.88 and a beta of 0.70. The company has a 50 day moving average price of $31.61 and a 200-day moving average price of $31.15. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a fifty-two week low of $27.53 and a fifty-two week high of $34.29.

VICI Properties (NYSE:VICI) last announced 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 during 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%. Equities analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

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