AIA Group Ltd Has $5.98 Million Holdings in VICI Properties Inc. (NYSE:VICI)

AIA Group Ltd trimmed its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 13.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 179,407 shares of the company's stock after selling 27,011 shares during the quarter. AIA Group Ltd's holdings in VICI Properties were worth $5,976,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Quarry LP grew 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 purchasing an additional 999 shares during the last quarter. UMB Bank n.a. raised its holdings in VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company's stock worth $39,000 after purchasing an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its position in VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company's stock valued at $40,000 after purchasing an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in VICI Properties in the 2nd quarter valued at approximately $43,000. Finally, Rothschild Investment LLC acquired a new position in VICI Properties during the 2nd quarter worth approximately $47,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Trading Up 1.5 %

Shares of VICI Properties stock traded up $0.46 during trading hours on Friday, reaching $31.39. 4,389,655 shares of the company's stock were exchanged, compared to its average volume of 5,701,582. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $33.09 billion, a price-to-earnings ratio of 11.45, a price-to-earnings-growth ratio of 4.75 and a beta of 0.94. The company has a fifty day moving average of $32.84 and a 200-day moving average of $30.77. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.51%. This is an increase from VICI Properties's previous quarterly dividend of $0.42. VICI Properties's payout ratio is presently 64.07%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on VICI shares. JMP Securities upped their price objective on VICI Properties from $34.00 to $35.00 and gave the stock a "market outperform" rating in a report on Friday, November 1st. Wells Fargo & Company reissued an "overweight" rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Evercore ISI upped their price target on VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $34.11.

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.