Wellington Management Group LLP Sells 745,471 Shares of VICI Properties Inc. (NYSE:VICI)

Wellington Management Group LLP lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 87.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 105,046 shares of the company’s stock after selling 745,471 shares during the quarter. Wellington Management Group LLP’s holdings in VICI Properties were worth $3,068,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in VICI. Venturi Wealth Management LLC raised its position in shares of VICI Properties by 64.1% during the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in VICI Properties in the 4th quarter worth $33,000. Whipplewood Advisors LLC bought a new position in shares of VICI Properties during the 4th quarter valued at about $40,000. Continuum Advisory LLC grew its position in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares in the last quarter. Finally, Cromwell Holdings LLC increased its holdings in shares of VICI Properties by 31.3% in the fourth quarter. Cromwell Holdings LLC now owns 2,074 shares of the company’s stock worth $61,000 after purchasing an additional 494 shares during the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Up 3.3 %

Shares of NYSE:VICI opened at $31.07 on Friday. The firm has a market capitalization of $32.83 billion, a PE ratio of 12.14, a price-to-earnings-growth ratio of 3.88 and a beta of 0.70. The business has a 50 day simple moving average of $31.40 and a two-hundred day simple moving average of $31.17. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties (NYSE:VICI) last posted its quarterly earnings data 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). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The business had revenue of $976.05 million for the quarter, compared to analysts’ expectations of $969.29 million. On average, equities analysts predict that VICI Properties Inc. will post 2.31 EPS for the current year.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.57%. The ex-dividend date was Thursday, March 20th. VICI Properties’s dividend payout ratio is presently 67.58%.

Analysts Set New Price Targets

A number of equities analysts recently commented on VICI shares. Barclays increased their price target on VICI Properties from $35.00 to $36.00 and gave the company an “overweight” rating in a research note on Tuesday, March 4th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wells Fargo & Company upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company an “overweight” rating in a research note on Monday, March 10th. Stifel Nicolaus lifted their price objective on shares of VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Finally, Truist Financial decreased their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.