Capital International Investors Decreases Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Capital International Investors cut its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 9.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 61,786,340 shares of the company's stock after selling 6,238,304 shares during the period. Capital International Investors owned approximately 5.86% of VICI Properties worth $1,804,505,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its position in VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after buying an additional 431 shares during the period. Kestra Investment Management LLC acquired a new position in VICI Properties in the 4th quarter worth $33,000. Whipplewood Advisors LLC purchased a new position in shares of VICI Properties during the 4th quarter valued at approximately $40,000. Cromwell Holdings LLC grew its holdings in VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after acquiring an additional 494 shares in the last quarter. Finally, Promus Capital LLC bought a new stake in VICI Properties in the fourth quarter valued at about $63,000. Institutional investors and hedge funds own 97.71% of the company's stock.

VICI Properties Stock Performance

NYSE:VICI traded up $0.51 during trading hours on Friday, reaching $32.56. The stock had a trading volume of 8,361,174 shares, compared to its average volume of 6,037,118. The stock has a market cap of $34.40 billion, a P/E ratio of 12.72, 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 quick ratio of 2.61 and a current ratio of 2.61. The stock has a 50 day simple moving average of $31.61 and a 200 day simple moving average of $31.14. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29.

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

VICI Properties Announces Dividend

The business 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. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date was Thursday, March 20th. VICI Properties's payout ratio is presently 67.58%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on VICI Properties from $34.00 to $35.00 and gave the company an "overweight" rating in a research note on Monday, March 10th. Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 8th. Truist Financial reduced their price target 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 upped their target price on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Finally, Stifel Nicolaus boosted their target price on VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a report on Thursday, March 27th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.63.

VICI Properties 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.