Griffin Asset Management Inc. Sells 1,465 Shares of VICI Properties Inc. (NYSE:VICI)

Griffin Asset Management Inc. lowered its stake in VICI Properties Inc. (NYSE:VICI) by 4.9% in the 3rd quarter, Holdings Channel reports. The firm owned 28,146 shares of the company’s stock after selling 1,465 shares during the quarter. Griffin Asset Management Inc.’s holdings in VICI Properties were worth $938,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Cornell Pochily Investment Advisors Inc. boosted its stake 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 purchasing an additional 498 shares during the period. Creative Planning raised its holdings in shares of VICI Properties by 4.2% in the 3rd quarter. Creative Planning now owns 74,125 shares of the company’s stock valued at $2,469,000 after acquiring an additional 2,971 shares in the last quarter. Sound Income Strategies LLC raised its holdings in shares of VICI Properties by 7.9% in the 3rd quarter. Sound Income Strategies LLC now owns 454,044 shares of the company’s stock valued at $15,124,000 after acquiring an additional 33,346 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of VICI Properties by 340.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company’s stock valued at $74,000 after acquiring an additional 1,700 shares in the last quarter. Finally, LVW Advisors LLC raised its holdings in shares of VICI Properties by 108.4% in the 3rd quarter. LVW Advisors LLC now owns 24,861 shares of the company’s stock valued at $828,000 after acquiring an additional 12,929 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $32.82 on Wednesday. The stock has a market cap of $34.24 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 5.05 and a beta of 0.93. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.29. The stock’s 50-day moving average is $32.76 and its 200 day moving average is $30.33.

VICI Properties Increases Dividend

The business also recently declared 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 annualized dividend and a yield of 5.27%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 68.38%.

Analysts Set New Price Targets

Several analysts have weighed in on VICI shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a report on Friday, June 21st. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Evercore ISI raised their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

VICI Properties Company 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.