Kapitalo Investimentos Ltda Reduces Stock Position in VICI Properties Inc. (NYSE:VICI)

Kapitalo Investimentos Ltda trimmed its position in VICI Properties Inc. (NYSE:VICI) by 53.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 11,278 shares of the company’s stock after selling 13,162 shares during the quarter. Kapitalo Investimentos Ltda’s holdings in VICI Properties were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of VICI. Montag A & Associates Inc. increased its holdings in VICI Properties by 3.3% in the 2nd quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock worth $357,000 after buying an additional 389 shares during the period. MAS Advisors LLC increased its holdings in VICI Properties by 2.8% in the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock worth $422,000 after buying an additional 398 shares during the period. Courier Capital LLC increased its holdings in VICI Properties by 2.0% in the 1st quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock worth $627,000 after buying an additional 417 shares during the period. Massmutual Trust Co. FSB ADV increased its holdings in VICI Properties by 23.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock worth $78,000 after buying an additional 442 shares during the period. Finally, Cornell Pochily Investment Advisors Inc. increased its holdings in VICI Properties by 7.1% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 7,516 shares of the company’s stock worth $250,000 after buying an additional 498 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 price objective on shares of VICI Properties in a report on Friday, June 21st. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, Evercore ISI upped their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

VICI Properties Stock Up 0.1 %

VICI Properties stock opened at $32.82 on Wednesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. The stock has a market capitalization of $34.24 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 5.05 and a beta of 0.93. The business has a 50 day simple moving average of $32.76 and a 200-day simple moving average of $30.33. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $34.29.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a yield of 5.27%. VICI Properties’s dividend payout ratio is currently 68.38%.

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.