Canada Pension Plan Investment Board Sells 69,132 Shares of VICI Properties Inc. (NYSE:VICI)

Canada Pension Plan Investment Board trimmed its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,809,376 shares of the company's stock after selling 69,132 shares during the quarter. Canada Pension Plan Investment Board owned 0.36% of VICI Properties worth $111,272,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of VICI. Geode Capital Management LLC grew its holdings in shares of VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company's stock worth $860,107,000 after purchasing an additional 1,036,344 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of VICI Properties by 0.5% in 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 acquired a new stake in shares of VICI Properties during the 4th quarter valued at about $419,932,000. Invesco Ltd. lifted its stake in VICI Properties by 5.4% during the fourth quarter. Invesco Ltd. now owns 13,414,045 shares of the company's stock worth $391,824,000 after purchasing an additional 692,092 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of VICI Properties by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company's stock valued at $356,635,000 after purchasing an additional 385,649 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Trading Up 1.6 %

VICI stock traded up $0.51 during midday trading on Friday, reaching $32.56. The company's stock had a trading volume of 8,361,174 shares, compared to its average volume of 6,037,118. The business's 50-day simple moving average is $31.61 and its 200-day simple moving average is $31.14. The stock has a market cap of $34.40 billion, a PE ratio of 12.72, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 52 week low of $27.53 and a 52 week high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

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

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a yield of 5.31%. VICI Properties's dividend payout ratio is presently 67.58%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Wells Fargo & Company upped their price target on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research report on Monday, March 10th. Truist Financial reduced their price target on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Mizuho raised their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, Stifel Nicolaus raised 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 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.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.63.

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.