Cornercap Investment Counsel Inc. Sells 455 Shares of VICI Properties Inc. (NYSE:VICI)

Cornercap Investment Counsel Inc. reduced its position in shares of VICI Properties Inc. (NYSE:VICI) by 3.8% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,653 shares of the company’s stock after selling 455 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in VICI Properties were worth $340,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of VICI. Venturi Wealth Management LLC increased its position in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after acquiring an additional 431 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of VICI Properties during the fourth quarter valued at $33,000. Whipplewood Advisors LLC purchased a new position in VICI Properties in the 4th quarter worth about $40,000. Continuum Advisory LLC boosted its holdings in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares during the last quarter. Finally, Cromwell Holdings LLC grew its stake in shares of VICI Properties by 31.3% in the fourth 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. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $31.99 on Friday. The stock has a market cap of $33.80 billion, a PE ratio of 12.49, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The firm has a fifty day moving average price of $31.13 and a 200-day moving average price of $31.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data 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 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%. Equities 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 declared a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.41%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio is presently 67.58%.

Analyst Upgrades and Downgrades

VICI has been the topic of a number of research analyst reports. Barclays increased their price objective 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. Wells Fargo & Company raised their price target on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. JMP Securities reiterated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Mizuho dropped their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus upped their price target on shares of VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.23.

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.