Allspring Global Investments Holdings LLC Sells 528,817 Shares of VICI Properties Inc. (NYSE:VICI)

Allspring Global Investments Holdings LLC lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 41.2% during the 3rd quarter, Holdings Channel reports. The firm owned 754,312 shares of the company’s stock after selling 528,817 shares during the period. Allspring Global Investments Holdings LLC’s holdings in VICI Properties were worth $25,126,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in VICI Properties by 671.3% during the 1st quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock valued at $21,494,000 after buying an additional 627,979 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in VICI Properties by 15.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock valued at $56,079,000 after buying an additional 246,983 shares in the last quarter. Norden Group LLC purchased a new position in VICI Properties during the 1st quarter valued at approximately $1,033,000. Intech Investment Management LLC grew its holdings in VICI Properties by 115.9% during the 1st quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock valued at $934,000 after buying an additional 16,824 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in VICI Properties by 14.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 484,628 shares of the company’s stock valued at $14,437,000 after buying an additional 59,613 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI stock opened at $32.84 on Thursday. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $34.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a market capitalization of $34.26 billion, a P/E ratio of 12.98, a P/E/G ratio of 5.21 and a beta of 0.93. The stock has a 50 day moving average price of $32.97 and a 200 day moving average price of $30.49.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is currently 68.38%.

Analysts Set New Price Targets

VICI has been the subject of several research analyst reports. Evercore ISI raised their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target 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.