National Bank of Canada FI Sells 357,628 Shares of VICI Properties Inc. (NYSE:VICI)

National Bank of Canada FI lowered its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 55.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 283,937 shares of the company's stock after selling 357,628 shares during the quarter. National Bank of Canada FI's holdings in VICI Properties were worth $8,294,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. State Street Corp increased its position in shares of VICI Properties by 2.1% during the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company's stock valued at $1,873,869,000 after purchasing an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC increased its position in VICI Properties by 2.2% during the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company's stock valued at $945,712,000 after acquiring an additional 608,696 shares during the last quarter. Principal Financial Group Inc. raised 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 valued at $706,962,000 after acquiring an additional 130,659 shares during the period. Norges Bank bought a new stake in shares of VICI Properties in the 4th quarter worth about $419,932,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of VICI Properties by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company's stock worth $356,635,000 after purchasing an additional 385,649 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

VICI has been the topic of a number of recent analyst reports. Mizuho increased their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. JMP Securities reiterated a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Stifel Nicolaus increased their target price on VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a research note on Thursday, March 27th. Finally, Barclays lifted their target price on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $34.63.

VICI Properties Stock Up 4.9 %

Shares of VICI stock traded up $1.43 on Wednesday, hitting $30.84. The stock had a trading volume of 12,176,983 shares, compared to its average volume of 5,975,860. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The business has a 50 day moving average price of $31.37 and a 200 day moving average price of $31.20. The company has a market cap of $32.59 billion, a PE ratio of 12.05, a P/E/G ratio of 3.88 and a beta of 0.70. 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 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). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. Research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business 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 was Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a yield of 5.61%. 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.