Concurrent Investment Advisors LLC Sells 50,998 Shares of VICI Properties Inc. $VICI

Concurrent Investment Advisors LLC cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 69.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 22,312 shares of the company’s stock after selling 50,998 shares during the period. Concurrent Investment Advisors LLC’s holdings in VICI Properties were worth $728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in shares of VICI Properties by 2.4% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,466,757 shares of the company’s stock worth $113,051,000 after buying an additional 81,300 shares during the last quarter. D.A. Davidson & CO. grew its holdings in VICI Properties by 85.3% during the 2nd quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock worth $669,000 after acquiring an additional 9,451 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of VICI Properties by 5.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock worth $77,638,000 after purchasing an additional 122,796 shares during the last quarter. Swedbank AB raised its stake in shares of VICI Properties by 4.0% in the 3rd quarter. Swedbank AB now owns 4,874,730 shares of the company’s stock valued at $158,965,000 after purchasing an additional 188,690 shares in the last quarter. Finally, Valeo Financial Advisors LLC bought a new position in shares of VICI Properties during the second quarter worth about $4,972,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on VICI shares. Mizuho reduced their target price on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. The Goldman Sachs Group lowered their target price on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Barclays reduced their price target on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $32.00 price objective (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and an average price target of $34.31.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $28.98 on Monday. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The company’s 50-day moving average price is $28.52 and its two-hundred day moving average price is $31.03. VICI Properties Inc. has a 52 week low of $27.48 and a 52 week high of $34.03. The stock has a market cap of $30.97 billion, a PE ratio of 11.06, a price-to-earnings-growth ratio of 2.88 and a beta of 0.70.

VICI Properties (NYSE:VICI) last announced its earnings results on Thursday, October 30th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.01. VICI Properties had a return on equity of 10.17% and a net margin of 70.18%.The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1 billion. During the same period in the previous year, the firm earned $0.57 earnings per share. VICI Properties’s revenue for the quarter was up 4.4% compared to the same quarter last year. VICI Properties has set its FY 2025 guidance at 2.360-2.370 EPS. As a group, sell-side analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 6.2%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s payout ratio is currently 68.70%.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.