Victory Capital Management Inc. Has $43.36 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Victory Capital Management Inc. decreased its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 22.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,329,358 shares of the company's stock after selling 391,104 shares during the period. Victory Capital Management Inc. owned about 0.13% of VICI Properties worth $43,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in VICI. Norges Bank acquired a new stake in shares of VICI Properties during the 4th quarter worth about $419,932,000. Northern Trust Corp grew its position in VICI Properties by 37.3% in the 4th quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock valued at $354,512,000 after acquiring an additional 3,298,314 shares in the last quarter. Mackenzie Financial Corp grew its position in VICI Properties by 2,437.5% in the 4th quarter. Mackenzie Financial Corp now owns 3,388,619 shares of the company's stock valued at $98,982,000 after acquiring an additional 3,255,078 shares in the last quarter. Capital World Investors grew its position in VICI Properties by 11.4% in the 4th quarter. Capital World Investors now owns 28,317,697 shares of the company's stock valued at $827,160,000 after acquiring an additional 2,903,744 shares in the last quarter. Finally, Miller Howard Investments Inc. NY acquired a new position in VICI Properties in the 1st quarter valued at about $65,750,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

VICI traded down $0.16 during trading on Monday, hitting $32.74. The company's stock had a trading volume of 5,134,113 shares, compared to its average volume of 5,888,982. The firm's 50 day moving average price is $32.28 and its two-hundred day moving average price is $31.48. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.62. VICI Properties Inc. has a 12 month low of $27.98 and a 12 month high of $34.29. The stock has a market capitalization of $34.59 billion, a price-to-earnings ratio of 13.09, a price-to-earnings-growth ratio of 4.22 and a beta of 0.70.

VICI Properties (NYSE:VICI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.58. The business had revenue of $984.20 million for the quarter, compared to analysts' expectations of $976.51 million. VICI Properties had a return on equity of 9.88% and a net margin of 67.81%. The firm's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 earnings per share. Sell-side analysts forecast that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 10th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.28%. The ex-dividend date of this dividend was Wednesday, June 18th. VICI Properties's dividend payout ratio is currently 69.20%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on VICI shares. Morgan Stanley boosted their target price on VICI Properties from $33.00 to $35.00 and gave the company an "equal weight" rating in a report on Tuesday, July 8th. Robert W. Baird upped their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Stifel Nicolaus upped their price objective on VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Mizuho boosted their target price on VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a research report on Thursday, April 3rd. Finally, Truist Financial boosted their target price on VICI Properties from $35.00 to $38.00 and gave the stock a "buy" rating in a research report on Wednesday, April 23rd. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, VICI Properties currently has a consensus rating of "Moderate Buy" and an average price target of $35.38.

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.