Sei Investments Co. Decreases Stock Position in VICI Properties Inc. (NYSE:VICI)

Sei Investments Co. cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 21.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,722,878 shares of the company’s stock after selling 723,933 shares during the quarter. Sei Investments Co. owned 0.26% of VICI Properties worth $79,535,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of VICI. Mizuho Securities USA LLC grew its holdings in shares of VICI Properties by 47.1% in the fourth quarter. Mizuho Securities USA LLC now owns 99,912 shares of the company’s stock worth $2,918,000 after purchasing an additional 32,008 shares during the last quarter. Virtu Financial LLC bought a new stake in VICI Properties in the 4th quarter worth $307,000. OLD Point Trust & Financial Services N A increased its position in shares of VICI Properties by 14.4% in the fourth quarter. OLD Point Trust & Financial Services N A now owns 5,150 shares of the company’s stock valued at $150,000 after acquiring an additional 650 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of VICI Properties by 37.3% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 563,320 shares of the company’s stock valued at $16,455,000 after acquiring an additional 152,975 shares during the last quarter. Finally, Berkeley Capital Partners LLC boosted its holdings in shares of VICI Properties by 6.6% during the fourth quarter. Berkeley Capital Partners LLC now owns 86,806 shares of the company’s stock worth $2,536,000 after purchasing an additional 5,355 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

VICI has been the subject of a number of recent analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Mizuho dropped their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Wells Fargo & Company boosted their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research report on Monday, March 10th. Stifel Nicolaus raised their target price on shares of VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, Barclays increased 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. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and an average target price of $34.20.

VICI Properties Stock Down 1.6 %

Shares of NYSE:VICI opened at $31.51 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a fifty day simple moving average of $30.84 and a two-hundred day simple moving average of $31.43. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 3.88 and a beta of 0.94.

VICI Properties (NYSE:VICI) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $969.29 million. On average, research analysts anticipate that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.49%. The ex-dividend date of this dividend is Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is currently 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.