VICI Properties Inc. (NYSE:VICI) Shares Sold by Capital Group Private Client Services Inc.

Capital Group Private Client Services Inc. lowered its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 5.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 369,751 shares of the company's stock after selling 22,393 shares during the quarter. Capital Group Private Client Services Inc.'s holdings in VICI Properties were worth $10,800,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VICI. Capital International Sarl grew its stake in shares of VICI Properties by 20.0% during the 4th quarter. Capital International Sarl now owns 35,158 shares of the company's stock worth $1,027,000 after purchasing an additional 5,861 shares during the period. Wasatch Advisors LP increased its holdings in VICI Properties by 19.1% in the fourth quarter. Wasatch Advisors LP now owns 132,820 shares of the company's stock valued at $3,880,000 after buying an additional 21,271 shares in the last quarter. NewEdge Advisors LLC raised its position in shares of VICI Properties by 756.8% in the fourth quarter. NewEdge Advisors LLC now owns 12,346 shares of the company's stock worth $361,000 after acquiring an additional 10,905 shares during the period. Insigneo Advisory Services LLC boosted its stake in shares of VICI Properties by 8.2% during the 4th quarter. Insigneo Advisory Services LLC now owns 12,434 shares of the company's stock worth $363,000 after acquiring an additional 944 shares in the last quarter. Finally, Evergreen Capital Management LLC grew its position in shares of VICI Properties by 2.0% during the 4th quarter. Evergreen Capital Management LLC now owns 375,071 shares of the company's stock valued at $11,115,000 after acquiring an additional 7,183 shares during the period. Hedge funds and other institutional investors own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of recent analyst reports. Barclays increased their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Wedbush lowered shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. JMP Securities reaffirmed a "market outperform" rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Truist Financial cut their target price on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, January 14th. Finally, Stifel Nicolaus raised their price target on shares of VICI Properties from $34.00 to $34.25 and gave the company a "buy" rating in a research note on Thursday, March 27th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, VICI Properties has a consensus rating of "Moderate Buy" and a consensus target price of $34.63.

VICI Properties Price Performance

Shares of NYSE:VICI traded down $0.59 during midday trading on Wednesday, hitting $32.38. The company had a trading volume of 2,907,287 shares, compared to its average volume of 6,020,458. VICI Properties Inc. has a twelve month low of $27.53 and a twelve month high of $34.29. The stock has a market cap of $34.22 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. 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 business's 50-day simple moving average is $31.71 and its 200-day simple moving average is $31.14.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.57 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 return on equity of 10.24% and a net margin of 69.59%. On average, research analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were issued a dividend of $0.4325 per share. The ex-dividend date was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.34%. VICI Properties's dividend payout ratio is currently 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.