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

KBC Group NV reduced its position in shares of VICI Properties Inc. (NYSE:VICI) by 7.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 345,378 shares of the company’s stock after selling 28,703 shares during the quarter. KBC Group NV’s holdings in VICI Properties were worth $10,089,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in VICI Properties by 599.3% in 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 valued at $297,685,000 after purchasing an additional 7,658,819 shares during the period. Los Angeles Capital Management LLC grew its stake in VICI Properties by 367.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock valued at $73,927,000 after acquiring an additional 1,744,939 shares during the period. State Street Corp increased its holdings in VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after acquiring an additional 1,164,717 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position 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 acquiring an additional 770,195 shares during the period. Finally, BNP Paribas Financial Markets lifted its holdings in VICI Properties by 80.9% during the third quarter. BNP Paribas Financial Markets now owns 1,673,230 shares of the company’s stock valued at $55,735,000 after purchasing an additional 748,378 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 weighed in on VICI. Barclays assumed coverage on shares of VICI Properties in a research report on Friday, January 10th. They set an “overweight” rating and a $36.00 price target for the company. Mizuho decreased their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Truist Financial reduced their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, January 14th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Finally, Wedbush downgraded shares of 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 seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.33.

VICI Properties Stock Down 1.3 %

Shares of NYSE VICI opened at $29.62 on Thursday. The company has a market capitalization of $31.22 billion, a P/E ratio of 10.97, a P/E/G ratio of 3.76 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a 50 day simple moving average of $30.19 and a 200-day simple moving average of $31.51. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties Dividend Announcement

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