VICI Properties Inc. (NYSE:VICI) Shares Sold by Boston Partners

Key Points

• Boston Partners has decreased its stake in VICI Properties by 26.9%, selling over 2.2 million shares, while retaining ownership of approximately 6.1 million shares valued at $198.5 million.
• Multiple analysts have increased their price targets for VICI Properties, with a consensus target of $35.40 following recent upgrades from brokers like Truist Financial and Morgan Stanley.
• VICI Properties announced a quarterly dividend of $0.4325 per share, yielding around 5.2% annually, with a dividend payout ratio of approximately 66.28%.

Boston Partners trimmed its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 26.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,086,385 shares of the company's stock after selling 2,242,705 shares during the quarter. Boston Partners owned about 0.58% of VICI Properties worth $198,543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in VICI. Provident Investment Management Inc. grew its holdings in VICI Properties by 1.5% in the 1st quarter. Provident Investment Management Inc. now owns 23,785 shares of the company's stock worth $776,000 after buying an additional 350 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in VICI Properties by 8.5% in the 1st quarter. Cullen Frost Bankers Inc. now owns 4,593 shares of the company's stock worth $150,000 after buying an additional 359 shares in the last quarter. Moran Wealth Management LLC grew its holdings in VICI Properties by 0.9% in the 1st quarter. Moran Wealth Management LLC now owns 40,578 shares of the company's stock worth $1,324,000 after buying an additional 360 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in VICI Properties by 3.1% during the 4th quarter. Benjamin Edwards Inc. now owns 12,646 shares of the company's stock valued at $369,000 after purchasing an additional 378 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in VICI Properties by 3.9% during the 1st quarter. DAVENPORT & Co LLC now owns 10,646 shares of the company's stock valued at $347,000 after purchasing an additional 403 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VICI. Truist Financial increased their price target on VICI Properties from $35.00 to $38.00 and gave the company a "buy" rating in a research note on Wednesday, April 23rd. JMP Securities set a $35.00 price target on VICI Properties in a research note on Tuesday, July 22nd. Robert W. Baird increased their price target on VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Morgan Stanley increased their price target on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 8th. Finally, Stifel Nicolaus increased their price target on VICI Properties from $34.75 to $35.00 and gave the company a "buy" rating in a research note on Thursday, July 31st. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $35.40.

VICI Properties Stock Performance

VICI opened at $33.01 on Thursday. The firm has a market cap of $35.20 billion, a PE ratio of 12.65, a P/E/G ratio of 3.29 and a beta of 0.68. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.62. The business has a fifty day simple moving average of $32.81 and a 200-day simple moving average of $31.93. VICI Properties Inc. has a fifty-two week low of $27.98 and a fifty-two week high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $991.59 million. VICI Properties had a return on equity of 10.21% and a net margin of 70.20%. The company's revenue was up 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.57 EPS. As a group, equities analysts predict that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.2%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio (DPR) is 66.28%.

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.

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