VICI Properties Inc. (NYSE:VICI) Stock Position Decreased by Sunbelt Securities Inc.

Sunbelt Securities Inc. lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 32.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,164 shares of the company’s stock after selling 4,000 shares during the period. Sunbelt Securities Inc.’s holdings in VICI Properties were worth $266,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Capital Research Global Investors boosted its stake in VICI Properties by 1.8% during the 4th quarter. Capital Research Global Investors now owns 54,511,574 shares of the company’s stock valued at $1,592,283,000 after purchasing an additional 984,421 shares during the period. Geode Capital Management LLC boosted its stake in VICI Properties by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock valued at $860,107,000 after purchasing an additional 1,036,344 shares during the period. Capital World Investors boosted its stake in VICI Properties by 11.4% during the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company’s stock valued at $827,160,000 after purchasing an additional 2,903,744 shares during the period. Norges Bank acquired a new position in VICI Properties during the 4th quarter valued at about $419,932,000. Finally, Invesco Ltd. boosted its stake in VICI Properties by 5.4% during the 4th quarter. Invesco Ltd. now owns 13,414,045 shares of the company’s stock valued at $391,824,000 after purchasing an additional 692,092 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on VICI shares. Robert W. Baird boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Stifel Nicolaus upped their price target on shares of VICI Properties from $34.25 to $34.75 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Mizuho upped their price target on shares of VICI Properties from $30.00 to $34.00 and gave the stock an “outperform” rating in a research note on Thursday, April 3rd. Wells Fargo & Company upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Finally, Barclays upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 4th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $35.42.

VICI Properties Stock Up 0.4%

VICI stock opened at $32.31 on Monday. VICI Properties Inc. has a 12 month low of $27.53 and a 12 month high of $34.29. The firm has a market cap of $34.15 billion, a PE ratio of 12.93, a P/E/G ratio of 2.99 and a beta of 0.70. The firm has a 50 day simple moving average of $31.96 and a 200 day simple moving average of $31.09. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.53 and a quick ratio of 2.53.

VICI Properties (NYSE:VICI) last released its earnings results on Wednesday, April 30th. The company reported $0.58 EPS for the quarter, meeting the consensus estimate of $0.58. VICI Properties had a net margin of 67.81% and a return on equity of 9.88%. The business had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. During the same period in the prior year, the business earned $0.56 earnings per share. The business’s quarterly revenue was up 3.4% on a year-over-year basis. Equities research analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 10th. Investors of record on Wednesday, June 18th will be paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.35%. The ex-dividend date is Wednesday, June 18th. VICI Properties’s dividend payout ratio is presently 69.20%.

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.