KBC Group NV Trims Holdings in VICI Properties Inc. (NYSE:VICI)

KBC Group NV lowered its stake in shares of VICI Properties Inc. (NYSE:VICI) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 345,378 shares of the company’s stock after selling 28,703 shares during the period. KBC Group NV’s holdings in VICI Properties were worth $10,089,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of VICI Properties by 599.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after buying an additional 7,658,819 shares during the period. Los Angeles Capital Management LLC lifted its stake in VICI Properties by 367.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after acquiring an additional 1,744,939 shares in the last quarter. State Street Corp boosted its holdings in VICI Properties by 2.1% during the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after acquiring an additional 1,164,717 shares during the period. Charles Schwab Investment Management Inc. increased its stake in VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after purchasing an additional 770,195 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of VICI Properties by 80.9% during the third quarter. BNP Paribas Financial Markets now owns 1,673,230 shares of the company’s stock worth $55,735,000 after purchasing an additional 748,378 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Truist Financial cut their price objective 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. JMP Securities reiterated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a report on Monday. Barclays started coverage on VICI Properties in a report on Friday, January 10th. They set an “overweight” rating and a $36.00 price target on the stock. Finally, Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three equities research 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, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

VICI Properties Stock Performance

Shares of VICI opened at $29.62 on Thursday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The stock has a 50 day moving average price of $30.19 and a 200 day moving average price of $31.51. The company has a market capitalization of $31.22 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 3.76 and a beta of 0.94.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

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.