Barrow Hanley Mewhinney & Strauss LLC Sells 314,110 Shares of VICI Properties Inc. (NYSE:VICI)

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in shares of VICI Properties Inc. (NYSE:VICI) by 2.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,569,319 shares of the company’s stock after selling 314,110 shares during the quarter. VICI Properties makes up approximately 1.3% of Barrow Hanley Mewhinney & Strauss LLC’s portfolio, making the stock its 29th largest holding. Barrow Hanley Mewhinney & Strauss LLC’s holdings in VICI Properties were worth $367,150,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in VICI. D.A. Davidson & CO. grew its position in VICI Properties by 3.2% in the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after purchasing an additional 340 shares during the period. Carret Asset Management LLC increased its position in shares of VICI Properties by 0.5% during the 4th quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock valued at $2,034,000 after purchasing an additional 354 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in shares of VICI Properties by 0.9% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock worth $1,206,000 after buying an additional 372 shares during the last quarter. Continuum Advisory LLC increased its holdings in VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after buying an additional 374 shares during the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of VICI Properties by 3.3% during the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock worth $357,000 after acquiring an additional 391 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 0.3 %

VICI Properties stock opened at $31.99 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The firm’s 50 day moving average price is $31.13 and its 200-day moving average price is $31.36. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The stock has a market cap of $33.80 billion, a P/E ratio of 12.49, a PEG 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 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The firm had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, equities analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.41%. The ex-dividend date is Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Analyst Ratings Changes

VICI has been the subject of several analyst reports. 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. Wells Fargo & Company raised their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Barclays boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. Stifel Nicolaus raised their target price on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research note on Thursday. Finally, Truist Financial lowered their price target 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.23.

VICI Properties Company 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.