Wasatch Advisors LP Cuts Position in VICI Properties Inc. (NYSE:VICI)

Wasatch Advisors LP reduced its stake in shares of VICI Properties Inc. (NYSE:VICI) by 5.1% in the third quarter, HoldingsChannel reports. The firm owned 111,549 shares of the company’s stock after selling 6,051 shares during the period. Wasatch Advisors LP’s holdings in VICI Properties were worth $3,716,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in VICI. Quarry LP lifted its holdings in shares of VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 999 shares during the last quarter. UMB Bank n.a. boosted its holdings in VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after acquiring an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. boosted its holdings in VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after acquiring an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of VICI Properties during the second quarter worth about $43,000. Finally, Rothschild Investment LLC acquired a new position in shares of VICI Properties during the second quarter valued at about $47,000. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

VICI has been the topic of several research analyst reports. JMP Securities boosted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Evercore ISI upped their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Mizuho reduced their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Trading Up 0.0 %

NYSE VICI opened at $32.61 on Friday. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market capitalization of $34.38 billion, a PE ratio of 12.08, a P/E/G ratio of 4.32 and a beta of 0.94. The company has a fifty day moving average of $32.34 and a 200 day moving average of $31.11.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.31%. The ex-dividend date was Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is 64.07%.

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.