VICI Properties Inc. (NYSE:VICI) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lowered its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 10.3% during the 3rd quarter, Holdings Channel reports. The fund owned 1,482,436 shares of the company’s stock after selling 169,729 shares during the period. Franklin Resources Inc.’s holdings in VICI Properties were worth $48,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of VICI Properties by 599.3% during 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 in the last quarter. Los Angeles Capital Management LLC raised its position in shares of VICI Properties by 367.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after buying an additional 1,744,939 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of 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 acquiring an additional 1,739,147 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of VICI Properties by 35.5% in the second quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company’s stock valued at $129,321,000 after acquiring an additional 1,185,463 shares in the last quarter. Finally, State Street Corp raised its holdings in VICI Properties by 2.1% during the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after purchasing an additional 1,164,717 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $30.05 on Wednesday. The company has a market cap of $31.68 billion, a P/E ratio of 11.13, a price-to-earnings-growth ratio of 4.12 and a beta of 0.93. The company’s fifty day moving average is $32.03 and its two-hundred day moving average is $31.31. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be issued a $0.4325 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.76%. VICI Properties’s dividend payout ratio is 64.07%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on VICI shares. Mizuho dropped their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, November 14th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Wednesday, December 11th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday. Evercore ISI boosted 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. Finally, Wells Fargo & Company restated an “overweight” rating and set a $36.00 target price (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.67.

VICI Properties Company 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.