KBC Group NV Has $10.09 Million Stake in VICI Properties Inc. (NYSE:VICI)

KBC Group NV lessened its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 7.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 345,378 shares of the company's stock after selling 28,703 shares during the quarter. KBC Group NV's holdings in VICI Properties were worth $10,089,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Carmel Capital Partners LLC increased its holdings in VICI Properties by 1.0% in the 3rd quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company's stock worth $1,177,000 after purchasing an additional 367 shares in the last quarter. Continuum Advisory LLC grew its holdings in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after purchasing an additional 374 shares during the last quarter. Insight Folios Inc increased its stake in shares of VICI Properties by 2.5% in the third quarter. Insight Folios Inc now owns 18,035 shares of the company's stock valued at $601,000 after buying an additional 433 shares during the period. Massmutual Trust Co. FSB ADV raised its holdings in VICI Properties by 23.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company's stock valued at $78,000 after buying an additional 442 shares during the last quarter. Finally, Chase Investment Counsel Corp grew its holdings in VICI Properties by 3.2% during the 3rd quarter. Chase Investment Counsel Corp now owns 15,346 shares of the company's stock worth $511,000 after acquiring an additional 470 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Down 0.1 %

Shares of VICI Properties stock traded down $0.03 on Thursday, reaching $29.62. 3,472,561 shares of the company's stock were exchanged, compared to its average volume of 7,012,803. The company has a market capitalization of $31.22 billion, a P/E ratio of 11.00, a price-to-earnings-growth ratio of 3.76 and a beta of 0.94. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week 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 firm's 50-day moving average is $30.19 and its two-hundred day moving average is $31.51.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date was Tuesday, December 17th. VICI Properties's payout ratio is 64.07%.

Analyst Ratings Changes

VICI has been the subject of several analyst reports. Mizuho dropped their price target on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. Truist Financial lowered their target price on VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, January 14th. JMP Securities reissued a "market outperform" rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday. Wedbush lowered VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Finally, Barclays initiated coverage on VICI Properties in a report on Friday, January 10th. They issued an "overweight" rating and a $36.00 target price on the stock. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, VICI Properties currently has a consensus rating of "Moderate Buy" and an average price target of $34.33.

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.