Los Angeles Capital Management LLC Lowers Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Los Angeles Capital Management LLC trimmed its position in VICI Properties Inc. (NYSE:VICI) by 54.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 226,285 shares of the company’s stock after selling 265,219 shares during the quarter. Los Angeles Capital Management LLC’s holdings in VICI Properties were worth $6,741,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. HBC Financial Services PLLC purchased a new stake in VICI Properties in the fourth quarter valued at approximately $31,000. Tucker Asset Management LLC raised its stake in VICI Properties by 1,888.9% in the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 1,020 shares in the last quarter. Blue Trust Inc. raised its stake in VICI Properties by 455.3% in the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after purchasing an additional 938 shares in the last quarter. Quarry LP raised its stake in VICI Properties by 143.1% in the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after purchasing an additional 741 shares in the last quarter. Finally, Planned Solutions Inc. purchased a new stake in VICI Properties in the fourth quarter valued at approximately $45,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Down 0.1 %

Shares of VICI Properties stock opened at $28.09 on Friday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $33.40. The stock has a market capitalization of $29.30 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 2.27 and a beta of 0.91. The company’s 50 day moving average price is $28.66 and its 200-day moving average price is $29.68.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th will be issued a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 5.91%. The ex-dividend date is Tuesday, June 18th. VICI Properties’s dividend payout ratio is 65.61%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on VICI. Wells Fargo & Company lowered their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 6th. Scotiabank increased their price target on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Morgan Stanley increased their price target on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Finally, Mizuho increased their price target on shares of VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and an average target price of $33.50.

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.