Y Intercept Hong Kong Ltd Cuts Position in VICI Properties Inc. (NYSE:VICI)

Y Intercept Hong Kong Ltd lowered its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 83.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,865 shares of the company's stock after selling 67,851 shares during the period. Y Intercept Hong Kong Ltd's holdings in VICI Properties were worth $462,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of VICI Properties by 599.3% in the 3rd 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 raised its holdings in shares of VICI Properties by 367.8% in the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company's stock worth $73,927,000 after buying an additional 1,744,939 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of VICI Properties by 101.4% during the second quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company's stock worth $98,910,000 after buying an additional 1,739,147 shares during the period. Hsbc Holdings PLC lifted its stake in shares of VICI Properties by 35.5% during the second quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company's stock worth $129,321,000 after buying an additional 1,185,463 shares during the period. Finally, State Street Corp grew its holdings in shares of 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 buying an additional 1,164,717 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of research reports. Mizuho lowered their price target on VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research report on Thursday, November 14th. JMP Securities restated a "market outperform" rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Wednesday, December 11th. Evercore ISI upped their target price on VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company reiterated an "overweight" rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $34.67.

VICI Properties Stock Performance

Shares of VICI stock traded down $0.19 on Monday, hitting $30.94. The company had a trading volume of 4,714,680 shares, compared to its average volume of 5,597,820. The firm has a market cap of $32.62 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 4.12 and a beta of 0.93. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a 50-day moving average price of $32.03 and a 200-day moving average price of $31.31. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be given a $0.4325 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.59%. VICI Properties's dividend payout ratio is presently 64.07%.

VICI Properties Company 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.