Vestcor Inc Reduces Stock Position in VICI Properties Inc. (NYSE:VICI)

Vestcor Inc lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 81.7% during the third quarter, Holdings Channel reports. The firm owned 47,615 shares of the company’s stock after selling 211,945 shares during the quarter. Vestcor Inc’s holdings in VICI Properties were worth $1,586,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of VICI. Quarry LP lifted its position in shares of VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares during the period. UMB Bank n.a. lifted 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 buying an additional 982 shares during the period. Carmichael Hill & Associates Inc. boosted its position in VICI Properties by 363.2% during 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of VICI Properties during the 2nd quarter worth approximately $43,000. Finally, Rothschild Investment LLC bought a new position in shares of VICI Properties in the 2nd quarter worth approximately $47,000. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company restated 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. Evercore ISI upped their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Mizuho lowered their price target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, November 14th. Finally, JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a report on Wednesday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

VICI Properties Stock Down 0.4 %

Shares of VICI Properties stock opened at $31.32 on Thursday. The company has a 50-day simple moving average of $32.12 and a two-hundred day simple moving average of $31.22. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. 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 stock has a market capitalization of $33.01 billion, a PE ratio of 11.60, a price-to-earnings-growth ratio of 4.19 and a beta of 0.93.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be given a $0.4325 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.52%. VICI Properties’s dividend payout ratio (DPR) is presently 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.