DNB Asset Management AS Sells 24,490 Shares of VICI Properties Inc (NYSE:VICI)
DNB Asset Management AS decreased its position in VICI Properties Inc (NYSE:VICI) by 21.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 88,674 shares of the company’s stock after selling 24,490 shares during the quarter. DNB Asset Management AS’s holdings in VICI Properties were worth $2,072,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. APG Asset Management N.V. bought a new stake in shares of VICI Properties in the 1st quarter worth about $4,101,000. Rafferty Asset Management LLC grew its holdings in shares of VICI Properties by 474.5% in the 2nd quarter. Rafferty Asset Management LLC now owns 112,127 shares of the company’s stock worth $2,264,000 after purchasing an additional 92,609 shares during the last quarter. State Board of Administration of Florida Retirement System grew its holdings in shares of VICI Properties by 7.6% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 575,620 shares of the company’s stock worth $11,622,000 after purchasing an additional 40,779 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of VICI Properties by 9.0% in the 1st quarter. Guggenheim Capital LLC now owns 419,911 shares of the company’s stock worth $6,987,000 after purchasing an additional 34,676 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of VICI Properties in the 1st quarter worth about $67,000.
In other VICI Properties news, Director James R. Abrahamson bought 5,000 shares of the stock in a transaction that occurred on Monday, September 14th. The stock was acquired at an average cost of $24.79 per share, with a total value of $123,950.00. Following the purchase, the director now owns 90,784 shares in the company, valued at $2,250,535.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John W. R. Payne bought 9,200 shares of the stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of $21.63 per share, with a total value of $198,996.00. Following the completion of the purchase, the chief operating officer now owns 116,100 shares in the company, valued at approximately $2,511,243. The disclosure for this purchase can be found here. Corporate insiders own 0.16% of the company’s stock.
VICI Properties (NYSE:VICI) last announced its quarterly earnings results on Wednesday, July 29th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.01. The company had revenue of $257.90 million during the quarter, compared to analysts’ expectations of $255.74 million. VICI Properties had a return on equity of 4.80% and a net margin of 46.09%. VICI Properties’s revenue was up 16.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 EPS. As a group, research analysts anticipate that VICI Properties Inc will post 1.62 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Stockholders of record on Wednesday, September 30th were paid a $0.33 dividend. The ex-dividend date was Tuesday, September 29th. This is a boost from VICI Properties’s previous quarterly dividend of $0.30. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.57%. VICI Properties’s dividend payout ratio is 89.19%.
Several brokerages recently issued reports on VICI. Wolfe Research began coverage on shares of VICI Properties in a research report on Wednesday, June 24th. They set an “outperform” rating and a $29.00 price target on the stock. Citigroup upped their price target on shares of VICI Properties from $23.00 to $27.00 and gave the stock a “buy” rating in a research report on Monday, September 21st. Macquarie began coverage on shares of VICI Properties in a research report on Wednesday, July 22nd. They set a “hold” rating on the stock. TheStreet upgraded shares of VICI Properties from a “c” rating to a “b-” rating in a research report on Tuesday, September 1st. Finally, Scotiabank began coverage on shares of VICI Properties in a research report on Wednesday, July 1st. They set an “outperform” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and thirteen have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $25.89.
About VICI Properties
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 22 gaming facilities comprising approximately 39 million square feet and features approximately 14,800 hotel rooms and approximately 150 restaurants, bars and nightclubs.
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