VICI Properties Inc. (NYSE:VICI) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 1.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,991,585 shares of the company's stock after selling 82,717 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned 0.47% of VICI Properties worth $166,270,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of VICI. Quarry LP boosted its stake in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company's stock worth $32,000 after buying an additional 999 shares in the last quarter. UMB Bank n.a. increased its stake in VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company's stock worth $39,000 after purchasing an additional 982 shares during the period. Carmichael Hill & Associates Inc. grew its holdings in shares of VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company's stock worth $40,000 after purchasing an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VICI Properties during the 2nd quarter valued at $43,000. Finally, Rothschild Investment LLC purchased a new stake in shares of VICI Properties during the second quarter worth about $47,000. Hedge funds and other institutional investors own 97.71% of the company's stock.

Analyst Ratings Changes

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

VICI Properties Stock Up 0.3 %

Shares of NYSE:VICI traded up $0.10 during trading on Wednesday, hitting $31.30. The company's stock had a trading volume of 3,601,095 shares, compared to its average volume of 5,686,273. The business has a 50 day moving average price of $32.71 and a two-hundred day moving average price of $30.86. 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 company has a market capitalization of $33.00 billion, a PE ratio of 11.60, a P/E/G ratio of 4.14 and a beta of 0.94. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. 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%. This is a boost from VICI Properties's previous quarterly dividend of $0.42. VICI Properties's payout ratio is 64.07%.

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.