VICI Properties Inc. (NYSE:VICI) Position Lessened by Vestcor Inc

Vestcor Inc lowered its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 81.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 47,615 shares of the company's stock after selling 211,945 shares during the period. Vestcor Inc's holdings in VICI Properties were worth $1,586,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in VICI. CWM LLC lifted its stake in shares of VICI Properties by 16.0% in the 2nd quarter. CWM LLC now owns 14,993 shares of the company's stock valued at $429,000 after purchasing an additional 2,072 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in VICI Properties by 9.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 70,632 shares of the company's stock valued at $2,023,000 after buying an additional 6,271 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in VICI Properties by 7.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 48,637 shares of the company's stock worth $1,393,000 after buying an additional 3,366 shares during the period. 180 Wealth Advisors LLC increased its position in shares of VICI Properties by 7.2% in the second quarter. 180 Wealth Advisors LLC now owns 8,938 shares of the company's stock worth $263,000 after acquiring an additional 601 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in shares of VICI Properties by 40.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 25,324 shares of the company's stock valued at $725,000 after acquiring an additional 7,271 shares during the period. Institutional investors and hedge funds own 97.71% of the company's stock.

Analysts Set New Price Targets

VICI has been the subject of a number of research reports. Evercore ISI upped their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a research report on Monday, September 16th. Mizuho reduced their price objective on VICI Properties from $34.00 to $33.00 and set an "outperform" rating on the stock in a research note on Thursday, November 14th. Wells Fargo & Company reiterated an "overweight" rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, JMP Securities reissued a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research report on Wednesday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

VICI Properties Stock Down 0.7 %

Shares of VICI Properties stock traded down $0.22 during trading hours on Thursday, hitting $31.09. 3,738,079 shares of the company's stock traded hands, compared to its average volume of 5,610,886. 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 Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The stock has a 50 day simple moving average of $32.12 and a 200-day simple moving average of $31.22. The company has a market cap of $32.77 billion, a PE ratio of 11.67, a PEG ratio of 4.19 and a beta of 0.93.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Investors of record on Tuesday, December 17th will be issued a $0.4325 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.56%. VICI Properties's dividend payout ratio is presently 64.07%.

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.