Alyeska Investment Group L.P. Sells 240,712 Shares of VICI Properties Inc. (NYSE:VICI)

Alyeska Investment Group L.P. lowered its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 36.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 413,272 shares of the company's stock after selling 240,712 shares during the quarter. Alyeska Investment Group L.P.'s holdings in VICI Properties were worth $12,072,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of VICI. Norges Bank acquired a new position in VICI Properties in the 4th quarter worth approximately $419,932,000. Northern Trust Corp grew its holdings in shares of VICI Properties by 37.3% during the fourth quarter. Northern Trust Corp now owns 12,136,670 shares of the company's stock valued at $354,512,000 after buying an additional 3,298,314 shares in the last quarter. Capital World Investors increased its holdings in shares of 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 purchasing an additional 2,903,744 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of VICI Properties by 33.7% during the fourth quarter. Hsbc Holdings PLC now owns 5,962,447 shares of the company's stock worth $174,033,000 after purchasing an additional 1,501,473 shares during the period. Finally, Pinebridge Investments L.P. grew its position in VICI Properties by 7,692.3% during the fourth quarter. Pinebridge Investments L.P. now owns 1,467,605 shares of the company's stock valued at $42,869,000 after purchasing an additional 1,448,771 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on VICI shares. JMP Securities restated a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Stifel Nicolaus lifted their price target on VICI Properties from $34.25 to $34.75 and gave the company a "buy" rating in a report on Thursday, May 1st. Barclays increased their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an "overweight" rating in a report on Tuesday, March 4th. Robert W. Baird lifted their target price on shares of VICI Properties from $35.00 to $36.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, Mizuho upped their price objective 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. Three investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $35.07.

VICI Properties Stock Performance

Shares of NYSE:VICI traded up $0.31 during trading on Friday, hitting $31.89. 4,477,494 shares of the stock were exchanged, compared to its average volume of 6,010,750. The company has a market capitalization of $33.70 billion, a price-to-earnings ratio of 12.46, a price-to-earnings-growth ratio of 3.88 and a beta of 0.74. VICI Properties Inc. has a 1-year low of $27.53 and a 1-year high of $34.29. The company's fifty day simple moving average is $31.81 and its 200-day simple moving average is $31.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

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, hitting the consensus estimate of $0.58. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The firm had revenue of $984.20 million during the quarter, compared to analyst estimates of $976.51 million. During the same quarter in the prior year, the business posted $0.56 earnings per share. The company's quarterly revenue was up 3.4% compared to the same quarter last year. Sell-side analysts expect that VICI Properties Inc. will post 2.31 EPS for the current fiscal year.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders 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 5.42%. VICI Properties's dividend payout ratio is presently 69.20%.

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.