National Bank of Canada FI Has $8.29 Million Stock Position in VICI Properties Inc. (NYSE:VICI)
National Bank of Canada FI reduced its stake in VICI Properties Inc. by 55.7% in Q4, holding 283,937 shares valued at $8.29 million. Other institutional investors also adjusted their positions, with Venturi Wealth Management increasing its stake by 64.1%. VICI Properties reported Q4 earnings of $0.57 per share, missing estimates, and announced a quarterly dividend of $0.4325. Analysts have mixed ratings on the stock, with a consensus target price of $34.63 and an average rating of "Moderate Buy."
National Bank of Canada FI lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 55.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 283,937 shares of the company's stock after selling 357,628 shares during the period. National Bank of Canada FI's holdings in VICI Properties were worth $8,294,000 as of its most recent filing with the SEC.
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Other institutional investors also recently modified their holdings of the company. Venturi Wealth Management LLC increased its position in VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock valued at $32,000 after purchasing an additional 431 shares during the period. Kestra Investment Management LLC acquired a new stake in shares of VICI Properties during the fourth quarter worth $33,000. Whipplewood Advisors LLC bought a new position in VICI Properties during the fourth quarter worth $40,000. Continuum Advisory LLC lifted its holdings in VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock valued at $50,000 after buying an additional 374 shares during the period. Finally, Cromwell Holdings LLC grew its holdings in VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after acquiring an additional 494 shares during the period. Institutional investors own 97.71% of the company's stock.
VICI Properties Price Performance
Shares of NYSE VICI opened at $30.57 on Friday. The stock has a market cap of $32.30 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 3.88 and a beta of 0.70. 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 $27.08 and a fifty-two week high of $34.29. The firm's 50-day simple moving average is $31.36 and its 200 day simple moving average is $31.30.
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VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). The company 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%. As a group, research analysts anticipate 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 was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.66%. VICI Properties's payout ratio is 67.58%.
Analyst Upgrades and Downgrades
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VICI has been the topic of several research analyst reports. JMP Securities restated a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Barclays increased their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Mizuho lifted their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research note on Thursday. Stifel Nicolaus increased their target price on shares of VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Finally, Wedbush downgraded shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $34.63.
Check Out Our Latest Analysis on VICI Properties
VICI Properties Company Profile
(Free Report)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.
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