Allspring Global Investments Holdings LLC Lowers Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Allspring Global Investments Holdings LLC decreased its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 12.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 660,115 shares of the company's stock after selling 94,197 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.06% of VICI Properties worth $19,137,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company's stock valued at $297,685,000 after purchasing an additional 7,658,819 shares during the period. Los Angeles Capital Management LLC lifted its position in VICI Properties by 367.8% in the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company's stock valued at $73,927,000 after purchasing an additional 1,744,939 shares during the period. State Street Corp lifted its position in VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company's stock valued at $1,873,869,000 after purchasing an additional 1,164,717 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in VICI Properties by 127.3% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company's stock valued at $50,099,000 after purchasing an additional 960,706 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in VICI Properties by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company's stock valued at $393,847,000 after purchasing an additional 770,195 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. JMP Securities restated a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Truist Financial reduced their price objective on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. Mizuho reduced their price target on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research report on Wednesday, January 8th. KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Finally, Barclays reduced their price target on shares of VICI Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, VICI Properties has a consensus rating of "Moderate Buy" and an average price target of $34.22.

VICI Properties Price Performance

Shares of VICI traded up $0.27 during mid-day trading on Thursday, reaching $30.75. 4,571,649 shares of the company's stock were exchanged, compared to its average volume of 6,293,474. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a 50-day simple moving average of $29.60 and a two-hundred day simple moving average of $31.43. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The company has a market cap of $32.41 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 3.83 and a beta of 0.95.

VICI Properties (NYSE:VICI - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.80% and a net margin of 73.90%. On average, sell-side analysts predict that VICI Properties Inc. will post 2.26 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. Shareholders 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 yield of 5.63%. VICI Properties's payout ratio is currently 64.07%.

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.