VICI Properties Inc. (NYSE:VICI) Shares Sold by Cullen Capital Management LLC

Cullen Capital Management LLC decreased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,336,668 shares of the company’s stock after selling 200,124 shares during the quarter. VICI Properties makes up approximately 2.1% of Cullen Capital Management LLC’s holdings, making the stock its 21st biggest holding. Cullen Capital Management LLC owned 0.60% of VICI Properties worth $185,094,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of VICI. Norges Bank acquired a new stake in shares of VICI Properties during the 4th quarter worth approximately $419,932,000. State Street Corp increased its position in VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after buying an additional 1,164,717 shares during the period. Geode Capital Management LLC lifted its stake in VICI Properties by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 29,512,003 shares of the company’s stock valued at $860,107,000 after buying an additional 1,036,344 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of VICI Properties by 127.3% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company’s stock valued at $50,099,000 after acquiring an additional 960,706 shares during the period. Finally, Prudential Financial Inc. grew its position in shares of VICI Properties by 125.9% during the fourth quarter. Prudential Financial Inc. now owns 1,659,922 shares of the company’s stock worth $48,486,000 after acquiring an additional 925,041 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

NYSE:VICI opened at $30.57 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $31.36 and its 200 day moving average price is $31.31. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The firm has a market cap of $32.30 billion, a P/E ratio of 11.94, a PEG ratio of 3.88 and a beta of 0.70.

VICI Properties (NYSE:VICI) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a return on equity of 10.24% and a net margin of 69.59%. The business had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.31 earnings per share for the current fiscal year.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 3rd. Stockholders of record on Thursday, March 20th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date of this dividend was Thursday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 67.58%.

Wall Street Analysts Forecast Growth

VICI has been the topic of several recent research reports. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Barclays boosted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 4th. Mizuho raised their target price on VICI Properties from $30.00 to $34.00 and gave the company an “outperform” rating in a research report on Thursday. Stifel Nicolaus increased their price target on VICI Properties from $34.00 to $34.25 and gave the stock a “buy” rating in a research note on Thursday, March 27th. Finally, Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and a consensus price target of $34.63.

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.