Concurrent Investment Advisors LLC Sells 48,012 Shares of VICI Properties Inc. (NYSE:VICI)

Concurrent Investment Advisors LLC trimmed its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 83.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,492 shares of the company's stock after selling 48,012 shares during the period. Concurrent Investment Advisors LLC's holdings in VICI Properties were worth $316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in VICI Properties by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company's stock worth $4,577,974,000 after buying an additional 6,755,553 shares in the last quarter. Capital International Investors increased its stake in VICI Properties by 7.5% in the 1st quarter. Capital International Investors now owns 67,600,000 shares of the company's stock worth $2,013,804,000 after buying an additional 4,728,903 shares in the last quarter. Capital Research Global Investors increased its stake in VICI Properties by 8.7% in the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company's stock worth $1,117,978,000 after buying an additional 3,001,793 shares in the last quarter. Boston Partners increased its stake in VICI Properties by 35.8% in the 1st quarter. Boston Partners now owns 8,631,164 shares of the company's stock worth $257,094,000 after buying an additional 2,275,381 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its stake in VICI Properties by 101.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company's stock worth $98,910,000 after buying an additional 1,739,147 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Trading Down 0.4 %

Shares of NYSE:VICI traded down $0.11 during trading on Monday, reaching $31.28. The company's stock had a trading volume of 4,986,030 shares, compared to its average volume of 5,698,858. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The firm's 50 day simple moving average is $32.76 and its two-hundred day simple moving average is $30.84. The stock has a market capitalization of $32.97 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 4.80 and a beta of 0.94.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were issued a $0.4325 dividend. This is an increase from VICI Properties's previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.53%. VICI Properties's dividend payout ratio (DPR) is presently 64.07%.

Wall Street Analyst Weigh In

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

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.