NovaPoint Capital LLC Trims Stake in VICI Properties Inc. (NYSE:VICI)

NovaPoint Capital LLC reduced its stake in shares of VICI Properties Inc. (NYSE:VICI) by 7.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 14,033 shares of the company’s stock after selling 1,098 shares during the quarter. NovaPoint Capital LLC’s holdings in VICI Properties were worth $458,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Carret Asset Management LLC boosted its stake in VICI Properties by 0.5% during the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock worth $2,034,000 after purchasing an additional 354 shares during the last quarter. Moran Wealth Management LLC boosted its stake in VICI Properties by 0.9% during the 1st quarter. Moran Wealth Management LLC now owns 40,578 shares of the company’s stock worth $1,324,000 after purchasing an additional 360 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in VICI Properties by 3.1% during the 4th quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company’s stock worth $369,000 after purchasing an additional 378 shares during the last quarter. DAVENPORT & Co LLC boosted its stake in VICI Properties by 3.9% during the 1st quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company’s stock worth $347,000 after purchasing an additional 403 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its stake in VICI Properties by 0.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company’s stock worth $2,042,000 after purchasing an additional 408 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

VICI has been the topic of several recent research reports. Mizuho boosted their price target on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Stifel Nicolaus boosted their price objective on shares of VICI Properties from $34.25 to $34.75 and gave the company a “buy” rating in a report on Thursday, May 1st. Truist Financial boosted their price target on shares of VICI Properties from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Wednesday, April 23rd. Wells Fargo & Company boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research report on Monday, March 10th. Finally, Barclays increased their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $35.42.

VICI Properties Trading Up 1.3%

NYSE:VICI opened at $33.03 on Wednesday. The company has a market capitalization of $34.90 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 3.02 and a beta of 0.70. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 52-week low of $27.53 and a 52-week high of $34.29. The stock has a fifty day simple moving average of $31.97 and a 200-day simple moving average of $31.11.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.58. The business had revenue of $984.20 million during the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 EPS. On average, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.24%. The ex-dividend date is Wednesday, June 18th. VICI Properties’s payout ratio is 69.20%.

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.