abrdn plc Decreases Stake in VICI Properties Inc. (NYSE:VICI)

abrdn plc decreased its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 29.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 707,028 shares of the company's stock after selling 293,052 shares during the period. abrdn plc owned 0.07% of VICI Properties worth $20,507,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Continuum Advisory LLC grew its holdings in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock valued at $50,000 after buying an additional 374 shares in the last quarter. UMB Bank n.a. boosted its position in shares of VICI Properties by 37.4% in the third quarter. UMB Bank n.a. now owns 1,880 shares of the company's stock valued at $63,000 after acquiring an additional 512 shares during the period. Brown Brothers Harriman & Co. grew its stake in VICI Properties by 512.6% during the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company's stock valued at $65,000 after acquiring an additional 1,630 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in VICI Properties during the 3rd quarter worth approximately $67,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its stake in VICI Properties by 340.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company's stock worth $74,000 after purchasing an additional 1,700 shares in the last quarter. Institutional investors own 97.71% of the company's stock.

VICI Properties Price Performance

VICI traded down $0.15 during midday trading on Monday, hitting $29.97. The stock had a trading volume of 6,161,921 shares, compared to its average volume of 6,556,800. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year 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 business has a fifty day moving average of $29.78 and a 200 day moving average of $31.48. The company has a market cap of $31.59 billion, a P/E ratio of 11.10, a price-to-earnings-growth ratio of 3.80 and a beta of 0.95.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.77%. VICI Properties's dividend payout ratio (DPR) is 64.07%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on VICI. KeyCorp restated a "sector weight" rating on shares of VICI Properties in a research report on Tuesday, December 17th. Mizuho decreased their target price on VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Wedbush cut VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Truist Financial cut their price objective on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, January 14th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $34.22.

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.