Wellington Management Group LLP Trims Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Wellington Management Group LLP reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 43.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 850,517 shares of the company's stock after selling 652,759 shares during the period. Wellington Management Group LLP owned 0.08% of VICI Properties worth $28,331,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of VICI. Rockefeller Capital Management L.P. grew its stake in shares of VICI Properties by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company's stock valued at $18,268,000 after buying an additional 40,733 shares during the period. Charles Schwab Investment Management Inc. grew its stake 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 valued at $393,847,000 after buying an additional 770,195 shares during the period. Handelsbanken Fonder AB grew its stake in shares of VICI Properties by 8.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company's stock valued at $19,781,000 after buying an additional 47,953 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in VICI Properties during the 2nd quarter valued at about $557,000. Finally, Los Angeles Capital Management LLC boosted its stake in VICI Properties by 367.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company's stock valued at $73,927,000 after purchasing an additional 1,744,939 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of VICI Properties stock traded up $0.09 during mid-day trading on Friday, hitting $31.18. 1,423,848 shares of the stock were exchanged, compared to its average volume of 5,593,384. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a 50-day simple moving average of $32.09 and a 200 day simple moving average of $31.22. 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 company has a market capitalization of $32.87 billion, a P/E ratio of 11.51, a P/E/G ratio of 4.15 and a beta of 0.93.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be issued a $0.4325 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.55%. VICI Properties's dividend payout ratio (DPR) is presently 64.07%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. JMP Securities reiterated a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research note on Wednesday. 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. 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, Mizuho cut their price target on VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $34.00.

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.