Allspring Global Investments Holdings LLC Sells 347,874 Shares of VICI Properties Inc. (NYSE:VICI)

Allspring Global Investments Holdings LLC decreased its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 17.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,683,833 shares of the company's stock after selling 347,874 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.16% of VICI Properties worth $53,681,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Bell Investment Advisors Inc boosted its position in shares of VICI Properties by 77.7% during the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company's stock worth $27,000 after acquiring an additional 410 shares in the last quarter. Alaska Permanent Fund Corp boosted its holdings in shares of VICI Properties by 87.4% in the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company's stock valued at $29,000 after purchasing an additional 466 shares in the last quarter. ING Groep NV bought a new position in shares of VICI Properties in the 3rd quarter valued at $36,000. Blue Trust Inc. increased its stake in shares of VICI Properties by 455.3% in the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company's stock valued at $36,000 after purchasing an additional 938 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of VICI Properties during the 3rd quarter worth $41,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on VICI shares. KeyCorp decreased their target price on VICI Properties from $36.00 to $34.00 and set an "overweight" rating on the stock in a research report on Wednesday, December 13th. Mizuho lowered their price target on shares of VICI Properties from $34.00 to $31.00 and set a "buy" rating for the company in a report on Thursday, March 7th. Wells Fargo & Company decreased their price target on VICI Properties from $34.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, March 6th. Morgan Stanley boosted their price target on VICI Properties from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Monday, March 18th. Finally, Wedbush reaffirmed a "neutral" rating and set a $30.00 price objective on shares of VICI Properties in a research report on Thursday, December 14th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $34.36.

VICI Properties Stock Up 0.3 %

Shares of VICI traded up $0.09 on Thursday, reaching $28.20. The company's stock had a trading volume of 12,409,331 shares, compared to its average volume of 6,274,766. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $34.05. The stock has a market capitalization of $29.42 billion, a PE ratio of 11.37, a PEG ratio of 6.65 and a beta of 0.90. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm has a fifty day moving average of $29.39 and a 200-day moving average of $29.67.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a $0.415 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.89%. VICI Properties's dividend payout ratio is presently 66.94%.

Insider Buying and Selling at VICI Properties

In other news, Director James R. Abrahamson bought 3,000 shares of VICI Properties stock in a transaction dated Thursday, March 14th. The stock was purchased at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the purchase, the director now directly owns 139,342 shares in the company, valued at approximately $4,020,016.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.25% of the company's stock.

VICI Properties 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.