CANADA LIFE ASSURANCE Co Cuts Stake in VICI Properties Inc. (NYSE:VICI)

CANADA LIFE ASSURANCE Co lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 2.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,440,219 shares of the company’s stock after selling 39,233 shares during the period. CANADA LIFE ASSURANCE Co’s holdings in VICI Properties were worth $42,026,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock worth $860,107,000 after acquiring an additional 1,036,344 shares in the last quarter. Principal Financial Group Inc. raised its stake in VICI Properties by 0.5% during the fourth quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock valued at $706,962,000 after purchasing an additional 130,659 shares in the last quarter. Norges Bank bought a new position in VICI Properties during the fourth quarter valued at $419,932,000. Invesco Ltd. grew its stake in shares of VICI Properties by 5.4% in the 4th quarter. Invesco Ltd. now owns 13,414,045 shares of the company’s stock worth $391,824,000 after buying an additional 692,092 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of VICI Properties by 3.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company’s stock worth $356,635,000 after buying an additional 385,649 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of analyst reports. Barclays increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Truist Financial cut their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Stifel Nicolaus raised their price target on VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Finally, Mizuho boosted their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday, April 3rd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.63.

VICI Properties Price Performance

Shares of VICI stock opened at $32.56 on Friday. The company’s 50-day simple moving average is $31.61 and its two-hundred day simple moving average is $31.15. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a one year low of $27.53 and a one year high of $34.29. The company has a market capitalization of $34.40 billion, a P/E ratio of 12.72, a P/E/G ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI) last issued its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). The firm had revenue of $976.05 million during the quarter, compared to analysts’ expectations of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. As a group, equities analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties’s payout ratio is 67.58%.

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.