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

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

A number of other large investors have also added to or reduced their stakes in the stock. State Street Corp boosted its stake 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 buying an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC boosted its position in VICI Properties by 2.2% in the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after purchasing an additional 608,696 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of VICI Properties by 0.5% during the 4th quarter. Principal Financial Group Inc. now owns 24,202,538 shares of the company’s stock valued at $706,962,000 after purchasing an additional 130,659 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of VICI Properties by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 12,209,337 shares of the company’s stock valued at $356,635,000 after purchasing an additional 385,649 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of VICI Properties by 599.3% in 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 purchasing an additional 7,658,819 shares during the period. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on VICI shares. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Wells Fargo & Company upped their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an “overweight” rating in a research note on Monday, March 10th. Truist Financial lowered their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Stifel Nicolaus upped their price target on VICI Properties from $33.75 to $34.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.20.

VICI Properties Trading Down 1.6 %

VICI stock opened at $31.51 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. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The business has a 50 day simple moving average of $30.84 and a two-hundred day simple moving average of $31.43. The company 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 issued its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The company had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. Research analysts anticipate that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 3rd. Investors of record on Thursday, March 20th will be given a $0.4325 dividend. The ex-dividend date is Thursday, March 20th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.49%. VICI Properties’s dividend payout ratio is currently 67.58%.

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.