VICI Properties Inc. (NYSE:VICI) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,569,319 shares of the company's stock after selling 314,110 shares during the quarter. VICI Properties comprises approximately 1.3% of Barrow Hanley Mewhinney & Strauss LLC's investment portfolio, making the stock its 29th largest holding. Barrow Hanley Mewhinney & Strauss LLC owned about 1.19% of VICI Properties worth $367,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of VICI. The Manufacturers Life Insurance Company lifted its position in VICI Properties by 2.5% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 955,541 shares of the company's stock worth $31,829,000 after acquiring an additional 23,727 shares during the period. FMR LLC lifted its holdings in shares of VICI Properties by 13.3% during the third quarter. FMR LLC now owns 3,386,136 shares of the company's stock worth $112,792,000 after purchasing an additional 397,650 shares during the period. D.A. Davidson & CO. boosted its position in VICI Properties by 35.9% in the third quarter. D.A. Davidson & CO. now owns 10,654 shares of the company's stock valued at $355,000 after buying an additional 2,815 shares during the last quarter. Glenmede Trust Co. NA increased its holdings in VICI Properties by 1.8% in the 3rd quarter. Glenmede Trust Co. NA now owns 31,415 shares of the company's stock worth $1,046,000 after buying an additional 543 shares during the period. Finally, Public Sector Pension Investment Board raised its position in VICI Properties by 25.7% during the 3rd quarter. Public Sector Pension Investment Board now owns 182,110 shares of the company's stock worth $6,066,000 after buying an additional 37,205 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

VICI has been the topic of several recent research reports. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Truist Financial cut their price target on VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. KeyCorp reissued a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Mizuho dropped their target price on VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Finally, Stifel Nicolaus boosted their price target on VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $34.23.

VICI Properties Price Performance

Shares of VICI stock traded down $0.19 during trading hours on Tuesday, hitting $32.43. 6,445,343 shares of the company's stock were exchanged, compared to its average volume of 5,844,027. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The firm has a market cap of $34.27 billion, a P/E ratio of 12.67, a P/E/G ratio of 3.88 and a beta of 0.94. 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 firm has a 50 day moving average of $31.19 and a two-hundred day moving average of $31.34.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $976.05 million for 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%. Sell-side analysts forecast that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th will be paid a dividend of $0.4325 per share. The ex-dividend date is Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.33%. VICI Properties's dividend payout ratio (DPR) is currently 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.