Epoch Investment Partners Inc. Cuts Stake in VICI Properties Inc. (NYSE:VICI)

Epoch Investment Partners Inc. lowered its position in shares of VICI Properties Inc. (NYSE:VICI) by 11.2% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,905,321 shares of the company’s stock after selling 239,456 shares during the period. Epoch Investment Partners Inc.’s holdings in VICI Properties were worth $56,760,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in VICI. Pacer Advisors Inc. increased its stake in shares of VICI Properties by 180.4% during the fourth quarter. Pacer Advisors Inc. now owns 178,668 shares of the company’s stock valued at $5,696,000 after buying an additional 114,943 shares during the period. Planned Solutions Inc. purchased a new position in VICI Properties in the fourth quarter valued at about $45,000. Blue Trust Inc. grew 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 during the last quarter. Wilsey Asset Management Inc. grew its stake in VICI Properties by 0.9% in the fourth quarter. Wilsey Asset Management Inc. now owns 746,765 shares of the company’s stock valued at $23,807,000 after purchasing an additional 6,850 shares during the last quarter. Finally, Future Financial Wealth Managment LLC purchased a new position in VICI Properties in the fourth quarter valued at about $219,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

NYSE VICI traded up $0.40 during trading on Friday, hitting $30.88. The company’s stock had a trading volume of 5,112,251 shares, compared to its average volume of 6,025,789. The company has a market cap of $32.21 billion, a PE ratio of 12.21, a P/E/G ratio of 2.73 and a beta of 0.92. The business’s 50 day simple moving average is $28.80 and its 200-day simple moving average is $29.25. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $33.40.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th were issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.38%. The ex-dividend date of this dividend was Tuesday, June 18th. VICI Properties’s dividend payout ratio (DPR) is 65.61%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on VICI shares. Mizuho lifted their target price on VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research note on Friday, June 21st. Finally, Scotiabank lifted their target price on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.44.

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.