Los Angeles Capital Management LLC Sells 1,799,467 Shares of VICI Properties Inc. (NYSE:VICI)

Los Angeles Capital Management LLC cut its holdings in VICI Properties Inc. (NYSE:VICIFree Report) by 81.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 419,911 shares of the company’s stock after selling 1,799,467 shares during the quarter. Los Angeles Capital Management LLC’s holdings in VICI Properties were worth $12,266,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. State Street Corp raised its stake 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 buying an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of VICI Properties by 2.2% during the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock valued at $945,712,000 after acquiring an additional 608,696 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of VICI Properties by 0.5% in the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock worth $706,962,000 after purchasing an additional 130,659 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in 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 in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in VICI Properties by 599.3% during 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. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Down 0.8 %

VICI Properties stock opened at $32.36 on Thursday. The stock has a market cap of $34.18 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 3.88 and a beta of 0.95. 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 stock has a fifty day moving average of $29.73 and a 200 day moving average of $31.45. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.

VICI Properties (NYSE:VICIGet Free Report) last released its quarterly earnings results on Thursday, February 20th. The company reported $0.57 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.10). The business had revenue of $976.05 million for the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.35%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio is presently 67.58%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Barclays decreased their target price on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Mizuho decreased their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Monday, January 27th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.20.

Read Our Latest Stock Analysis on VICI Properties

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.

Featured Stories

Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICIFree Report).

Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

Receive News & Ratings for VICI Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VICI Properties and related companies with MarketBeat.com's FREE daily email newsletter.