VICI Properties Inc. (NYSE:VICI) Shares Sold by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board cut its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 1.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,809,376 shares of the company's stock after selling 69,132 shares during the period. Canada Pension Plan Investment Board owned approximately 0.36% of VICI Properties worth $111,272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Venturi Wealth Management LLC lifted its position in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after purchasing an additional 431 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of VICI Properties during the fourth quarter worth $33,000. Whipplewood Advisors LLC purchased a new position in VICI Properties in the fourth quarter valued at $40,000. Cromwell Holdings LLC grew its stake in VICI Properties by 31.3% during the 4th quarter. Cromwell Holdings LLC now owns 2,074 shares of the company's stock worth $61,000 after purchasing an additional 494 shares in the last quarter. Finally, Promus Capital LLC acquired a new stake in VICI Properties in the 4th quarter valued at about $63,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

Shares of VICI traded up $0.74 during midday trading on Tuesday, reaching $32.89. 994,409 shares of the stock were exchanged, compared to its average volume of 7,500,606. The company has a market capitalization of $34.75 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 3.88 and a beta of 0.70. 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 twelve month low of $27.53 and a twelve month high of $34.29. The business's 50-day moving average price is $31.66 and its 200 day moving average price is $31.13.

VICI Properties (NYSE:VICI - Get Free Report) last announced its 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 net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. On average, sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.26%. VICI Properties's dividend payout ratio (DPR) is currently 67.58%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on VICI. Wells Fargo & Company boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a research report on Monday, March 10th. Mizuho increased their price objective on shares of VICI Properties from $30.00 to $34.00 and gave the company an "outperform" rating in a research report on Thursday, April 3rd. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the stock a "buy" rating in a research report on Thursday, March 27th. JMP Securities reiterated a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Finally, Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $34.63.

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.