Vinva Investment Management Ltd Sells 2,870 Shares of VICI Properties Inc. (NYSE:VICI)

Vinva Investment Management Ltd lessened its stake in VICI Properties Inc. (NYSE:VICI) by 7.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,370 shares of the company’s stock after selling 2,870 shares during the period. Vinva Investment Management Ltd’s holdings in VICI Properties were worth $1,105,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quarry LP lifted its stake in shares of VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 999 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after acquiring an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. lifted its stake in shares of VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after acquiring an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VICI Properties in the 2nd quarter valued at about $43,000. Finally, Rothschild Investment LLC bought a new stake in shares of VICI Properties in the 2nd quarter valued at about $47,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.0 %

Shares of NYSE:VICI opened at $32.61 on Friday. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The firm has a market capitalization of $34.38 billion, a P/E ratio of 12.08, a P/E/G ratio of 4.32 and a beta of 0.94. The stock has a 50 day moving average price of $32.34 and a 200-day moving average price of $31.09. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date of this dividend was Wednesday, September 18th. 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

A number of research firms have recently weighed in on VICI. Evercore ISI boosted their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company restated an “overweight” rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Mizuho reduced their price target on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, November 14th. Finally, JMP Securities boosted their price target on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.22.

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.