Red Cedar Investment Management LLC decreased its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 47.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,535 shares of the company's stock after selling 29,004 shares during the quarter. Red Cedar Investment Management LLC's holdings in VICI Properties were worth $921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in VICI Properties by 599.3% during 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 valued at $297,685,000 after purchasing an additional 7,658,819 shares during the last quarter. Los Angeles Capital Management LLC increased its stake in VICI Properties by 367.8% during the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company's stock worth $73,927,000 after acquiring an additional 1,744,939 shares during the last quarter. State Street Corp raised its position in VICI Properties by 2.1% during the third 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 period. Robeco Institutional Asset Management B.V. lifted its stake in shares of VICI Properties by 127.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company's stock valued at $50,099,000 after purchasing an additional 960,706 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company's stock worth $393,847,000 after purchasing an additional 770,195 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research analysts have commented on VICI shares. KeyCorp reaffirmed a "sector weight" rating on shares of VICI Properties in a research note on Tuesday, December 17th. JMP Securities restated a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Mizuho reduced their price target on VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, January 8th. Barclays dropped their price objective on VICI Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Finally, Wedbush lowered VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.22.
Check Out Our Latest Stock Analysis on VICI
VICI Properties Stock Performance
Shares of NYSE VICI traded up $0.13 during mid-day trading on Wednesday, hitting $30.49. The stock had a trading volume of 6,813,778 shares, compared to its average volume of 6,347,529. The company has a 50 day moving average of $29.60 and a two-hundred day moving average of $31.43. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. 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 firm has a market cap of $32.14 billion, a PE ratio of 11.29, a PEG ratio of 3.83 and a beta of 0.95.
VICI Properties Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties's dividend payout ratio (DPR) is 64.07%.
About VICI Properties
(
Free Report)
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.
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