Allspring Global Investments Holdings LLC Cuts Stock Position in VICI Properties Inc. (NYSE:VICI)

Allspring Global Investments Holdings LLC trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 34.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,283,129 shares of the company’s stock after selling 675,805 shares during the period. Allspring Global Investments Holdings LLC owned 0.12% of VICI Properties worth $36,749,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the stock. Tucker Asset Management LLC raised its stake in shares of VICI Properties by 1,888.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 1,020 shares during the period. Quarry LP increased its stake in VICI Properties by 143.1% during the 4th quarter. Quarry LP now owns 1,259 shares of the company’s stock worth $40,000 after buying an additional 741 shares during the period. Family Firm Inc. acquired a new position in VICI Properties in the 2nd quarter worth $49,000. Blue Trust Inc. boosted its position in VICI Properties by 131.5% in the 2nd quarter. Blue Trust Inc. now owns 1,729 shares of the company’s stock valued at $52,000 after buying an additional 982 shares during the last quarter. Finally, EntryPoint Capital LLC grew its stake in shares of VICI Properties by 397.7% during the first quarter. EntryPoint Capital LLC now owns 2,832 shares of the company’s stock valued at $84,000 after acquiring an additional 2,263 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on VICI. Mizuho boosted their price target on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Finally, Scotiabank raised their price target on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $33.44.

VICI Properties Stock Performance

Shares of VICI traded down $0.08 during mid-day trading on Tuesday, hitting $33.04. The stock had a trading volume of 373,327 shares, compared to its average volume of 6,007,978. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The company has a market cap of $34.47 billion, a PE ratio of 13.09, a PEG ratio of 5.08 and a beta of 0.92. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $33.26. The company’s fifty day simple moving average is $30.10 and its two-hundred day simple moving average is $29.40.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.02%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s dividend payout ratio is presently 65.61%.

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.