Capital International Investors Sells 6,238,304 Shares of VICI Properties Inc. (NYSE:VICI)

Capital International Investors lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 61,786,340 shares of the company’s stock after selling 6,238,304 shares during the quarter. Capital International Investors owned approximately 0.06% of VICI Properties worth $1,804,505,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. D.A. Davidson & CO. grew its position in VICI Properties by 3.2% during the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after acquiring an additional 340 shares during the last quarter. Carret Asset Management LLC grew its holdings in shares of VICI Properties by 0.5% during the fourth quarter. Carret Asset Management LLC now owns 69,637 shares of the company’s stock worth $2,034,000 after purchasing an additional 354 shares during the last quarter. Sheaff Brock Investment Advisors LLC increased its stake in shares of VICI Properties by 0.9% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock valued at $1,206,000 after buying an additional 372 shares during the period. V Square Quantitative Management LLC raised its holdings in VICI Properties by 3.3% in the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock valued at $357,000 after buying an additional 391 shares during the last quarter. Finally, Avantax Advisory Services Inc. boosted its position in VICI Properties by 0.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 69,911 shares of the company’s stock worth $2,042,000 after buying an additional 408 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI Properties stock opened at $32.56 on Friday. The stock has a market capitalization of $34.40 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 3.88 and a beta of 0.70. VICI Properties Inc. has a 52-week low of $27.15 and a 52-week high of $34.29. 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’s 50 day moving average price is $31.56 and its two-hundred day moving average price is $31.15.

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

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date was Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is currently 67.58%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VICI. Stifel Nicolaus raised their price target on shares of VICI Properties from $34.00 to $34.25 and gave the company a “buy” rating in a research note on Thursday, March 27th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Wells Fargo & Company upped their price target on VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Truist Financial reduced their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Three investment 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, VICI Properties currently has an average rating of “Moderate Buy” and an average target price of $34.63.

About VICI Properties

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.