VICI Properties Inc. (NYSE:VICI) Stock Position Lowered by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC trimmed its holdings in VICI Properties Inc. (NYSE:VICI - Free Report) by 1.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 553,184 shares of the company's stock after selling 8,265 shares during the period. Chevy Chase Trust Holdings LLC owned 0.05% of VICI Properties worth $16,159,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC lifted its stake in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock valued at $50,000 after purchasing an additional 374 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company's stock valued at $65,000 after buying an additional 1,630 shares during the period. Harbor Capital Advisors Inc. purchased a new stake in VICI Properties during the 3rd quarter worth approximately $67,000. Quent Capital LLC increased its holdings in VICI Properties by 27.1% during the 4th quarter. Quent Capital LLC now owns 2,194 shares of the company's stock worth $64,000 after purchasing an additional 468 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. increased its holdings in VICI Properties by 1,774.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,343 shares of the company's stock worth $78,000 after purchasing an additional 2,218 shares during the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Performance

NYSE:VICI traded up $0.13 during midday trading on Wednesday, reaching $30.49. 6,735,446 shares of the company traded hands, compared to its average volume of 6,345,069. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a fifty day moving average price of $29.63 and a 200 day moving average price of $31.45. The firm has a market capitalization of $32.14 billion, a price-to-earnings ratio of 11.29, a price-to-earnings-growth ratio of 3.83 and a beta of 0.95.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.67%. VICI Properties's dividend payout ratio (DPR) is presently 64.07%.

Wall Street Analyst Weigh In

VICI has been the topic of several analyst reports. Barclays dropped their price objective on VICI Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Truist Financial dropped their price objective on VICI Properties from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Tuesday, January 14th. Mizuho lowered their price target on VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Wedbush downgraded VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. Finally, KeyCorp reiterated a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, VICI Properties currently has an average rating of "Moderate Buy" and an average price target of $34.22.

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.