VICI Properties Inc. (NYSE:VICI) Shares Sold by Red Cedar Investment Management LLC

Red Cedar Investment Management LLC reduced its stake in VICI Properties Inc. (NYSE:VICI) by 47.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,535 shares of the company’s stock after selling 29,004 shares during the quarter. Red Cedar Investment Management LLC’s holdings in VICI Properties were worth $921,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after acquiring an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC lifted its holdings in VICI Properties by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after buying an additional 608,696 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after buying an additional 770,195 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 worth $297,685,000 after buying an additional 7,658,819 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its holdings in VICI Properties by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,209,783 shares of the company’s stock worth $206,848,000 after buying an additional 26,990 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Down 0.1 %

NYSE VICI opened at $30.39 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The firm’s fifty day moving average price is $29.66 and its 200 day moving average price is $31.45. The company has a market capitalization of $32.04 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 3.80 and a beta of 0.95. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.69%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Barclays reduced their target price on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. JMP Securities reiterated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Mizuho reduced their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Truist Financial dropped their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Finally, KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Company 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.