VICI Properties Inc. (NYSE:VICI) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC reduced its holdings in VICI Properties Inc. (NYSE:VICI) by 9.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,543,360 shares of the company’s stock after selling 1,245,374 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned about 1.10% of VICI Properties worth $330,602,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Alaethes Wealth LLC increased its holdings in VICI Properties by 4.9% in the 2nd quarter. Alaethes Wealth LLC now owns 41,055 shares of the company’s stock worth $1,193,000 after acquiring an additional 1,929 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of VICI Properties by 8.4% during the second quarter. Thrivent Financial for Lutherans now owns 334,455 shares of the company’s stock worth $9,579,000 after purchasing an additional 25,994 shares in the last quarter. Skandinaviska Enskilda Banken AB publ raised its position in shares of VICI Properties by 1.6% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 948,973 shares of the company’s stock worth $27,179,000 after purchasing an additional 14,912 shares during the last quarter. MAS Advisors LLC lifted its stake in VICI Properties by 2.8% in the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock valued at $422,000 after buying an additional 398 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in VICI Properties by 101.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company’s stock worth $98,910,000 after buying an additional 1,739,147 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

VICI Properties Stock Up 0.8 %

NYSE VICI opened at $33.07 on Friday. The business’s fifty day simple moving average is $32.13 and its 200-day simple moving average is $29.92. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The firm has a market cap of $34.63 billion, a PE ratio of 13.07, a P/E/G ratio of 5.35 and a beta of 0.94. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $34.29.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be issued a $0.4325 dividend. 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. The ex-dividend date is Wednesday, September 18th. VICI Properties’s payout ratio is presently 65.61%.

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.