Jackson Square Capital LLC Sells 13,305 Shares of VICI Properties Inc. (NYSE:VICI)

Jackson Square Capital LLC reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 45.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,740 shares of the company’s stock after selling 13,305 shares during the quarter. Jackson Square Capital LLC’s holdings in VICI Properties were worth $460,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP raised its stake in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 999 shares in the last quarter. Continuum Advisory LLC grew its holdings in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of VICI Properties by 37.4% during the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after purchasing an additional 512 shares during the last quarter. Brown Brothers Harriman & Co. grew its holdings in shares of VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after purchasing an additional 1,630 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of VICI Properties during the third quarter worth about $67,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $29.36 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $30.48 and its 200-day moving average price is $31.42. The firm has a market capitalization of $30.95 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 3.60 and a beta of 0.94. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.89%. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on VICI shares. Truist Financial reduced their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays began coverage on VICI Properties in a research note on Friday, January 10th. They issued an “overweight” rating and a $36.00 price objective on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Wednesday, December 11th. Mizuho cut their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Three investment 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, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

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.