Wellington Management Group LLP Sells 745,471 Shares of VICI Properties Inc. (NYSE:VICI)

Wellington Management Group LLP reduced its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 87.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,046 shares of the company's stock after selling 745,471 shares during the quarter. Wellington Management Group LLP's holdings in VICI Properties were worth $3,068,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Atria Wealth Solutions Inc. grew its holdings in shares of VICI Properties by 145.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock valued at $1,189,000 after purchasing an additional 24,159 shares during the last quarter. Oxbow Advisors LLC bought a new stake in shares of VICI Properties during the 4th quarter valued at approximately $3,817,000. DigitalBridge Group Inc. bought a new stake in shares of VICI Properties during the 4th quarter valued at approximately $4,282,000. Kestra Private Wealth Services LLC grew its holdings in shares of VICI Properties by 67.8% during the 4th quarter. Kestra Private Wealth Services LLC now owns 33,395 shares of the company's stock valued at $975,000 after purchasing an additional 13,491 shares during the last quarter. Finally, Atria Investments Inc grew its holdings in shares of VICI Properties by 86.6% during the 4th quarter. Atria Investments Inc now owns 49,341 shares of the company's stock valued at $1,441,000 after purchasing an additional 22,897 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of research reports. Mizuho boosted their target price on shares of VICI Properties from $30.00 to $34.00 and gave the stock an "outperform" rating in a report on Thursday, April 3rd. Stifel Nicolaus boosted their target price on shares of VICI Properties from $34.25 to $34.75 and gave the stock a "buy" rating in a report on Thursday, May 1st. Robert W. Baird boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company boosted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock an "overweight" rating in a report on Monday, March 10th. Finally, Barclays boosted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties has an average rating of "Moderate Buy" and an average price target of $35.18.

VICI Properties Stock Up 0.2%

Shares of VICI Properties stock traded up $0.06 during trading on Thursday, reaching $31.44. 6,945,245 shares of the company traded hands, compared to its average volume of 5,943,854. 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 $27.53 and a 1-year high of $34.29. The company has a 50 day moving average price of $31.60 and a 200-day moving average price of $31.07. The firm has a market capitalization of $33.22 billion, a PE ratio of 12.28, a P/E/G ratio of 3.88 and a beta of 0.74.

VICI Properties (NYSE:VICI - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.58 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.58. The company had revenue of $984.20 million for the quarter, compared to the consensus estimate of $976.51 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. VICI Properties's quarterly revenue was up 3.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.56 EPS. As a group, equities research analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

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.