TCW Group Inc. Sells 104,488 Shares of VICI Properties Inc. (NYSE:VICI)

TCW Group Inc. reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 46.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 118,528 shares of the company's stock after selling 104,488 shares during the quarter. TCW Group Inc.'s holdings in VICI Properties were worth $3,948,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Hohimer Wealth Management LLC boosted its position in VICI Properties by 0.9% in the third quarter. Hohimer Wealth Management LLC now owns 145,624 shares of the company's stock valued at $4,851,000 after buying an additional 1,314 shares in the last quarter. TD Private Client Wealth LLC lifted its stake in shares of VICI Properties by 19.0% in the 3rd quarter. TD Private Client Wealth LLC now owns 115,670 shares of the company's stock valued at $3,853,000 after acquiring an additional 18,501 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of VICI Properties by 1.6% during the 3rd quarter. Toronto Dominion Bank now owns 523,677 shares of the company's stock valued at $17,444,000 after acquiring an additional 8,382 shares in the last quarter. Coldstream Capital Management Inc. grew its position in VICI Properties by 28.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 11,297 shares of the company's stock worth $371,000 after acquiring an additional 2,489 shares during the last quarter. Finally, Ashford Capital Management Inc. increased its holdings in VICI Properties by 43.5% in the 3rd quarter. Ashford Capital Management Inc. now owns 198,810 shares of the company's stock worth $6,622,000 after purchasing an additional 60,300 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Trading Down 0.7 %

Shares of VICI traded down $0.22 during trading hours on Thursday, hitting $31.09. 3,738,079 shares of the stock were exchanged, compared to its average volume of 5,610,886. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The business has a 50-day moving average of $32.09 and a 200-day moving average of $31.22. The firm has a market capitalization of $32.77 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 4.19 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be given a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Tuesday, December 17th. VICI Properties's dividend payout ratio (DPR) is presently 64.07%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Evercore ISI lifted 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. JMP Securities reiterated a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a research report on Wednesday. Mizuho dropped their price target on shares of VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday, November 14th. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, VICI Properties has an average rating of "Moderate Buy" and an average price target of $34.00.

About VICI Properties

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.