Allstate Corp Sells 17,917 Shares of VICI Properties Inc. (NYSE:VICI)

Allstate Corp reduced its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 8.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 182,541 shares of the company's stock after selling 17,917 shares during the period. Allstate Corp's holdings in VICI Properties were worth $5,332,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company's stock worth $1,873,869,000 after acquiring an additional 1,164,717 shares during the period. Geode Capital Management LLC boosted its stake in VICI Properties by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company's stock worth $945,712,000 after purchasing an additional 608,696 shares during the period. Principal Financial Group Inc. grew its holdings in VICI Properties by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock valued at $706,962,000 after buying an additional 130,659 shares in the last quarter. Norges Bank bought a new stake in shares of VICI Properties during the fourth quarter valued at about $419,932,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of VICI Properties by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company's stock worth $356,635,000 after buying an additional 385,649 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several brokerages recently commented on VICI. Barclays boosted their price objective on shares of VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday, March 4th. KeyCorp restated a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Mizuho lowered their price objective on VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday, January 8th. Stifel Nicolaus boosted their target price on VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a research report on Thursday, March 27th. Finally, Wells Fargo & Company raised their price target on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a report on Monday, March 10th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $34.23.

VICI Properties Price Performance

VICI traded down $0.24 during midday trading on Tuesday, hitting $32.39. The stock had a trading volume of 2,112,918 shares, compared to its average volume of 7,127,990. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The business has a fifty day moving average of $31.19 and a 200 day moving average of $31.34. The company has a market cap of $34.22 billion, a P/E ratio of 12.65, a price-to-earnings-growth ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). The business had revenue of $976.05 million during the quarter, compared to analysts' expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, equities analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be issued a $0.4325 dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.34%. VICI Properties's dividend payout ratio (DPR) is presently 67.58%.

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.