Capital International Inc. CA Decreases Stock Position in VICI Properties Inc. (NYSE:VICI)

Capital International Inc. CA decreased its position in VICI Properties Inc. (NYSE:VICI) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,924 shares of the company’s stock after selling 21,094 shares during the quarter. Capital International Inc. CA’s holdings in VICI Properties were worth $4,730,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in VICI. Capital Research Global Investors grew its holdings in VICI Properties by 1.8% during the 4th quarter. Capital Research Global Investors now owns 54,511,574 shares of the company’s stock valued at $1,592,283,000 after purchasing an additional 984,421 shares in the last quarter. Capital World Investors boosted 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 buying an additional 2,903,744 shares during the last quarter. GeoWealth Management LLC increased its position in shares of VICI Properties by 35.6% during the fourth quarter. GeoWealth Management LLC now owns 49,991 shares of the company’s stock worth $1,460,000 after acquiring an additional 13,135 shares during the last quarter. Commerce Bank increased its position in shares of VICI Properties by 4.4% during the fourth quarter. Commerce Bank now owns 14,865 shares of the company’s stock worth $434,000 after acquiring an additional 633 shares during the last quarter. Finally, Capital International Sarl lifted its stake in shares of VICI Properties by 20.0% in the fourth quarter. Capital International Sarl now owns 35,158 shares of the company’s stock worth $1,027,000 after acquiring an additional 5,861 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 1.6 %

Shares of NYSE VICI opened at $32.56 on Monday. VICI Properties Inc. has a 12-month low of $27.53 and a 12-month high of $34.29. The company has a market cap of $34.40 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock’s 50 day simple moving average is $31.61 and its 200 day simple moving average is $31.13.

VICI Properties (NYSE:VICI) last posted its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.10). The company had revenue of $976.05 million during the quarter, compared to the consensus estimate of $969.29 million. VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. Equities research analysts expect that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Shareholders of record on Thursday, March 20th were paid a $0.4325 dividend. The ex-dividend date was Thursday, March 20th. This represents a $1.73 annualized dividend and a dividend yield of 5.31%. VICI Properties’s payout ratio is currently 67.58%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Truist Financial cut their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Barclays upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, March 4th. Wells Fargo & Company raised their price objective 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. Stifel Nicolaus increased their price target on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research report on Thursday, March 27th. Finally, Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $34.63.

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.