Mitsubishi UFJ Trust & Banking Corp Sells 15,174 Shares of VICI Properties Inc. (NYSE:VICI)

Mitsubishi UFJ Trust & Banking Corp decreased its position in VICI Properties Inc. (NYSE:VICI) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 517,101 shares of the company’s stock after selling 15,174 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in VICI Properties were worth $15,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Prestige Wealth Management Group LLC lifted its position in VICI Properties by 7.8% during the 4th quarter. Prestige Wealth Management Group LLC now owns 14,325 shares of the company’s stock worth $425,000 after buying an additional 1,039 shares in the last quarter. Signature Estate & Investment Advisors LLC raised its holdings in VICI Properties by 5.2% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 12,515 shares of the company’s stock worth $366,000 after acquiring an additional 624 shares in the last quarter. First American Trust FSB raised its holdings in VICI Properties by 0.3% during the fourth quarter. First American Trust FSB now owns 180,439 shares of the company’s stock worth $5,271,000 after acquiring an additional 627 shares in the last quarter. Barnett & Company Inc. boosted its position in VICI Properties by 4.0% during the fourth quarter. Barnett & Company Inc. now owns 49,650 shares of the company’s stock valued at $1,450,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Prudential Financial Inc. grew its stake in VICI Properties by 125.9% in the fourth quarter. Prudential Financial Inc. now owns 1,659,922 shares of the company’s stock valued at $48,486,000 after purchasing an additional 925,041 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the stock. Mizuho cut their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus raised their target price on shares of VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research note on Thursday. Wells Fargo & Company lifted their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a report on Monday, March 10th. JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. Finally, Barclays lifted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.23.

VICI Properties Price Performance

Shares of NYSE VICI opened at $31.99 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The business’s 50 day moving average is $31.13 and its 200-day moving average is $31.38. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The firm has a market cap of $33.80 billion, a P/E ratio of 12.49, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.

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

VICI Properties Dividend Announcement

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

VICI Properties 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.