Sumitomo Mitsui Trust Group Inc. Sells 82,717 Shares of VICI Properties Inc. (NYSE:VICI)

Sumitomo Mitsui Trust Group Inc. cut its stake in VICI Properties Inc. (NYSE:VICI) by 1.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,991,585 shares of the company’s stock after selling 82,717 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.47% of VICI Properties worth $166,270,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of VICI Properties by 15.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock valued at $56,079,000 after purchasing an additional 246,983 shares during the period. Intech Investment Management LLC boosted its holdings in shares of VICI Properties by 115.9% in the first quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock valued at $934,000 after buying an additional 16,824 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of VICI Properties by 14.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 484,628 shares of the company’s stock worth $14,437,000 after acquiring an additional 59,613 shares in the last quarter. Handelsbanken Fonder AB raised its holdings in shares of VICI Properties by 8.8% during the third quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock worth $19,781,000 after acquiring an additional 47,953 shares during the period. Finally, Gordian Capital Singapore Pte Ltd bought a new stake in VICI Properties in the 2nd quarter valued at $557,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Down 0.3 %

Shares of VICI opened at $31.19 on Wednesday. The firm’s 50-day simple moving average is $32.71 and its 200 day simple moving average is $30.86. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a market cap of $32.88 billion, a P/E ratio of 11.55, a price-to-earnings-growth ratio of 4.78 and a beta of 0.94. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.55%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VICI. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. JMP Securities raised their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Finally, Evercore ISI lifted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.11.

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.