Duff & Phelps Investment Management Co. Sells 70,332 Shares of VICI Properties Inc. (NYSE:VICI)

Duff & Phelps Investment Management Co. trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 8.1% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 797,072 shares of the company's stock after selling 70,332 shares during the quarter. Duff & Phelps Investment Management Co. owned about 0.08% of VICI Properties worth $26,550,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its stake in shares of VICI Properties by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company's stock valued at $18,268,000 after acquiring an additional 40,733 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of VICI Properties by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company's stock valued at $393,847,000 after purchasing an additional 770,195 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of VICI Properties by 8.8% in the third quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company's stock worth $19,781,000 after buying an additional 47,953 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in shares of VICI Properties during the 2nd quarter worth $557,000. Finally, Los Angeles Capital Management LLC grew its stake in VICI Properties by 367.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company's stock valued at $73,927,000 after buying an additional 1,744,939 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

VICI Properties stock traded up $0.11 during trading hours on Monday, hitting $31.76. The stock had a trading volume of 5,842,665 shares, compared to its average volume of 5,627,470. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a market cap of $33.48 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 4.19 and a beta of 0.93. The company has a 50-day moving average of $32.21 and a two-hundred day moving average of $31.18. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be paid a $0.4325 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.45%. VICI Properties's payout ratio is 64.07%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Mizuho cut their target price on shares of VICI Properties from $34.00 to $33.00 and set an "outperform" rating for the company in a research report on Thursday, November 14th. JMP Securities boosted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock a "market outperform" rating in a research report on Friday, November 1st. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Evercore ISI lifted their price target on VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, VICI Properties has a consensus rating of "Moderate Buy" and an average 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.