VICI Properties Inc. (NYSE:VICI) Stock Holdings Cut by Cbre Investment Management Listed Real Assets LLC

Cbre Investment Management Listed Real Assets LLC decreased its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 60.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,651,854 shares of the company's stock after selling 2,537,207 shares during the period. Cbre Investment Management Listed Real Assets LLC owned approximately 0.16% of VICI Properties worth $48,251,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp boosted its position 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 buying an additional 1,164,717 shares during the period. Geode Capital Management LLC lifted its stake in shares of VICI Properties by 2.2% in the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company's stock worth $945,712,000 after acquiring an additional 608,696 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of VICI Properties by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company's stock worth $706,962,000 after acquiring an additional 130,659 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 acquiring an additional 385,649 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company's stock worth $297,685,000 after acquiring an additional 7,658,819 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company's stock.

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Analyst Ratings Changes

VICI has been the topic of several recent analyst reports. Mizuho cut their price target on VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. JMP Securities reiterated a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. 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 note on Tuesday, January 14th. Finally, Barclays upped their price objective on VICI Properties from $35.00 to $36.00 and gave the company an "overweight" rating in a research note on Tuesday. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $34.30.

VICI Properties Stock Performance

Shares of VICI Properties stock traded up $0.68 on Friday, reaching $32.65. 10,922,811 shares of the company were exchanged, compared to its average volume of 5,461,553. 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 company's 50-day moving average is $30.14 and its two-hundred day moving average is $31.49. The firm has a market cap of $34.49 billion, a price-to-earnings ratio of 12.76, a P/E/G ratio of 3.88 and a beta of 0.94. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share 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 for the quarter, compared to analyst estimates of $969.29 million. As a group, research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Thursday, March 20th. VICI Properties's dividend payout ratio (DPR) is 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.