Elo Mutual Pension Insurance Co Has $3.16 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Elo Mutual Pension Insurance Co trimmed its position in shares of VICI Properties Inc. (NYSE:VICI) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 108,329 shares of the company’s stock after selling 2,195 shares during the period. Elo Mutual Pension Insurance Co’s holdings in VICI Properties were worth $3,164,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VICI. Venturi Wealth Management LLC boosted its stake in VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of VICI Properties during the 4th quarter valued at approximately $33,000. Whipplewood Advisors LLC bought a new stake in shares of VICI Properties during the fourth quarter worth $40,000. Continuum Advisory LLC lifted its holdings in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares during the period. Finally, Cromwell Holdings LLC boosted its position in VICI Properties by 31.3% during the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock valued at $61,000 after acquiring an additional 494 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Up 0.3 %

NYSE:VICI opened at $31.99 on Friday. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The firm has a 50-day moving average price of $31.13 and a two-hundred day moving average price of $31.38. 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 firm has a market cap of $33.80 billion, a price-to-earnings ratio of 12.49, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.

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 business had revenue of $976.05 million for the quarter, compared to analysts’ expectations of $969.29 million. On average, equities analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s payout ratio is 67.58%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a report on Monday, March 10th. Stifel Nicolaus upped their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a report on Thursday. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays raised their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research report on Tuesday, March 4th. Finally, JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.23.

VICI Properties Company Profile

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.