Principal Financial Group Inc. Has $801.83 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Principal Financial Group Inc. cut its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 1.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,071,879 shares of the company's stock after selling 293,826 shares during the quarter. Principal Financial Group Inc. owned 2.31% of VICI Properties worth $801,830,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in VICI. Advisor Resource Council acquired a new stake in shares of VICI Properties during the third quarter worth approximately $218,000. Graypoint LLC acquired a new stake in shares of VICI Properties during the 3rd quarter valued at $208,000. Blake Schutter Theil Wealth Advisors LLC acquired a new position in shares of VICI Properties in the third quarter worth $540,000. M&G PLC purchased a new stake in shares of VICI Properties during the third quarter worth $383,000. Finally, Global Wealth Management Investment Advisory Inc. boosted its position in VICI Properties by 10.6% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 18,089 shares of the company's stock valued at $603,000 after purchasing an additional 1,736 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VICI has been the subject of several recent research reports. Evercore ISI boosted their price target on VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Wells Fargo & Company reiterated an "overweight" rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, JMP Securities upped their target price on VICI Properties from $34.00 to $35.00 and gave the stock a "market outperform" rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $34.11.

VICI Properties Price Performance

NYSE:VICI traded down $0.19 during trading hours on Thursday, reaching $30.92. The company had a trading volume of 3,522,685 shares, compared to its average volume of 5,699,586. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a 50-day moving average of $32.89 and a two-hundred day moving average of $30.76. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The firm has a market capitalization of $32.59 billion, a PE ratio of 11.52, a PEG ratio of 4.98 and a beta of 0.94.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.60%. This is a boost from VICI Properties's previous quarterly dividend of $0.42. VICI Properties's dividend payout ratio (DPR) is 64.07%.

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.