Sterling Capital Management LLC reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI – Free Report) by 67.4% during the 1st quarter, HoldingsChannel reports. The firm owned 316,546 shares of the company’s stock after selling 655,256 shares during the period. Sterling Capital Management LLC’s holdings in VICI Properties were worth $8,648,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Bayban acquired a new stake in VICI Properties during the 4th quarter worth approximately $25,000. State of Wyoming acquired a new position in shares of VICI Properties in the second quarter valued at approximately $26,000. Evolution Wealth Management Inc. purchased a new stake in shares of VICI Properties during the fourth quarter worth approximately $28,000. Headlands Technologies LLC acquired a new stake in shares of VICI Properties during the second quarter worth $28,000. Finally, Reflection Asset Management acquired a new stake in shares of VICI Properties during the fourth quarter worth $29,000. Institutional investors and hedge funds own 97.71% of the company’s stock.
VICI Properties Stock Performance
NYSE:VICI opened at $27.16 on Friday. The firm has a 50 day simple moving average of $28.05 and a 200-day simple moving average of $28.30. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. The firm has a market cap of $29.04 billion, a PE ratio of 9.30 and a beta of 0.65. VICI Properties Inc. has a 1-year low of $26.08 and a 1-year high of $34.01.
VICI Properties Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.6%. VICI Properties’s dividend payout ratio is 61.64%.
Analyst Ratings Changes
Several analysts have recently commented on VICI shares. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday. Mizuho reissued a “neutral” rating and issued a $30.00 price objective on shares of VICI Properties in a research note on Wednesday, March 11th. Scotiabank cut their target price on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research report on Thursday, June 18th. Royal Bank Of Canada began coverage on shares of VICI Properties in a research report on Thursday. They issued a “sector perform” rating and a $29.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price objective on VICI Properties in a research report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $32.86.
Check Out Our Latest Stock Report on VICI
About VICI Properties
VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.
The company’s portfolio is concentrated in major U.S.
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