Sei Investments Co. Sells 88,989 Shares of VICI Properties Inc. (NYSE:VICI)

Sei Investments Co. lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,508,696 shares of the company’s stock after selling 88,989 shares during the quarter. Sei Investments Co. owned approximately 0.34% of VICI Properties worth $100,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Cohen & Steers Inc. lifted its position in VICI Properties by 132.0% during the fourth quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock valued at $1,108,993,000 after purchasing an additional 19,788,229 shares in the last quarter. Capital International Investors lifted its position in shares of VICI Properties by 17.4% during the 4th quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock valued at $2,004,648,000 after buying an additional 9,317,582 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of VICI Properties by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after buying an additional 6,755,553 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in shares of VICI Properties by 37.9% during the 1st quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock valued at $337,029,000 after acquiring an additional 3,109,028 shares during the period. Finally, Capital Research Global Investors increased its holdings in VICI Properties by 8.7% in the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock worth $1,117,978,000 after acquiring an additional 3,001,793 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE:VICI opened at $33.07 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. The company has a market cap of $34.63 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 5.35 and a beta of 0.94. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.29. The stock’s 50 day simple moving average is $32.13 and its two-hundred day simple moving average is $29.92.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. The ex-dividend date is Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.23%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is 65.61%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on VICI shares. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a research report on Friday, June 21st. Evercore ISI upped their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.56.

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.