Truist Financial Corp Has $2.85 Million Stake in VICI Properties Inc. (NYSE:VICI)

Truist Financial Corp decreased its holdings in VICI Properties Inc. (NYSE:VICI) by 8.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 97,595 shares of the company’s stock after selling 9,106 shares during the quarter. Truist Financial Corp’s holdings in VICI Properties were worth $2,851,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of VICI Properties by 103.9% during the 3rd quarter. Blue Trust Inc. now owns 3,526 shares of the company’s stock valued at $117,000 after purchasing an additional 1,797 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of VICI Properties by 4,877.4% during the 3rd quarter. International Assets Investment Management LLC now owns 247,427 shares of the company’s stock valued at $8,242,000 after purchasing an additional 242,456 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of VICI Properties by 15.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 29,188 shares of the company’s stock valued at $972,000 after purchasing an additional 3,864 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of VICI Properties by 27.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 129,287 shares of the company’s stock valued at $4,282,000 after purchasing an additional 28,063 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of VICI Properties by 39.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 98,594 shares of the company’s stock valued at $3,284,000 after purchasing an additional 27,962 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VICI shares. Truist Financial reduced their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Mizuho reduced their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Stifel Nicolaus boosted their target price on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a report on Friday, February 21st. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, JMP Securities reissued a “market outperform” rating and set a $35.00 target price 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 company. Based on data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $34.20.

VICI Properties Stock Performance

VICI opened at $32.61 on Wednesday. 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 company’s fifty day moving average price is $29.66 and its two-hundred day moving average price is $31.45. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The company has a market cap of $34.45 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 3.88 and a beta of 0.95.

VICI Properties (NYSE:VICI) last posted 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). 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 during the quarter, compared to the consensus estimate of $969.29 million. On average, analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.31%. VICI Properties’s payout ratio is 67.58%.

About VICI Properties

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.