Janus Henderson Group PLC Sells 2,110,773 Shares of VICI Properties Inc. $VICI

Janus Henderson Group PLC cut its position in shares of VICI Properties Inc. (NYSE:VICI) by 82.0% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 464,856 shares of the company’s stock after selling 2,110,773 shares during the quarter. Janus Henderson Group PLC’s holdings in VICI Properties were worth $12,706,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Bayban bought a new stake in VICI Properties during the fourth quarter valued at $25,000. Dynamic Wealth Strategies LLC bought a new position in shares of VICI Properties in the 1st quarter worth about $25,000. State of Wyoming bought a new position in shares of VICI Properties in the 2nd quarter worth about $26,000. Evolution Wealth Management Inc. acquired a new position in shares of VICI Properties in the 4th quarter valued at about $28,000. Finally, Headlands Technologies LLC acquired a new position in shares of VICI Properties in the 2nd quarter valued at about $28,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.1%

VICI stock opened at $26.56 on Wednesday. The stock’s 50 day simple moving average is $27.02 and its 200 day simple moving average is $28.03. VICI Properties Inc. has a fifty-two week low of $25.82 and a fifty-two week high of $34.01. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market cap of $29.25 billion, a P/E ratio of 10.30 and a beta of 0.65.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.45 per share. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a dividend yield of 6.8%. VICI Properties’s payout ratio is currently 69.77%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft set a $30.00 target price on VICI Properties in a research note on Friday. Scotiabank dropped their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research note on Thursday, June 18th. Morgan Stanley cut their price target on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 8th. Barclays reduced their price objective on shares of VICI Properties from $34.00 to $31.00 and set an “overweight” rating for the company in a research report on Wednesday, July 22nd. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Six investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $31.54.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.