Barclays PLC Sells 699,769 Shares of VICI Properties Inc. (NYSE:VICI)

Barclays PLC trimmed its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 31.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,556,032 shares of the company's stock after selling 699,769 shares during the period. Barclays PLC owned approximately 0.15% of VICI Properties worth $45,452,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in VICI. D.A. Davidson & CO. boosted its position in VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock worth $321,000 after purchasing an additional 340 shares during the last quarter. Carret Asset Management LLC raised its stake in shares of VICI Properties by 0.5% in the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company's stock valued at $2,034,000 after buying an additional 354 shares during the period. Sheaff Brock Investment Advisors LLC grew its stake in shares of VICI Properties by 0.9% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company's stock worth $1,206,000 after acquiring an additional 372 shares during the period. V Square Quantitative Management LLC increased its holdings in VICI Properties by 3.3% in the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company's stock worth $357,000 after acquiring an additional 391 shares during the last quarter. Finally, Avantax Advisory Services Inc. raised its stake in VICI Properties by 0.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company's stock valued at $2,042,000 after acquiring an additional 408 shares during the period. Institutional investors own 97.71% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. JMP Securities reissued a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Barclays lifted their price target on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a research report on Tuesday, March 4th. Truist Financial cut their price objective on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Wells Fargo & Company lifted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Finally, Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $34.63.

VICI Properties Price Performance

VICI stock traded up $0.51 during mid-day trading on Friday, hitting $32.56. The company had a trading volume of 8,361,174 shares, compared to its average volume of 6,034,784. The company has a 50-day moving average price of $31.61 and a 200 day moving average price of $31.15. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The company has a market capitalization of $34.40 billion, a price-to-earnings ratio of 12.72, 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 issued its quarterly earnings data on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). The business had revenue of $976.05 million during the quarter, compared to analysts' expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. On average, research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.31%. The ex-dividend date was Thursday, March 20th. VICI Properties's dividend payout ratio is currently 67.58%.

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.