Kovitz Investment Group Partners LLC Sells 21,279 Shares of VICI Properties Inc. (NYSE:VICI)

Kovitz Investment Group Partners LLC lowered its position in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 64.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,666 shares of the company's stock after selling 21,279 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in VICI Properties were worth $389,000 as of its most recent SEC filing.

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

VICI Properties Stock Performance

NYSE:VICI traded up $0.02 during mid-day trading on Friday, hitting $31.11. 1,673,496 shares of the stock were exchanged, compared to its average volume of 5,594,112. The firm's 50-day simple moving average is $32.09 and its 200 day simple moving average is $31.22. The stock has a market capitalization of $32.80 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 4.15 and a beta of 0.93. 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 debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Announces Dividend

The firm also recently declared 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 is Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.56%. VICI Properties's dividend payout ratio (DPR) is presently 64.07%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Mizuho decreased their price objective 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. Evercore ISI lifted their target price on VICI Properties from $36.00 to $37.00 and gave the stock an "outperform" rating in a research note on Monday, September 16th. JMP Securities reissued a "market outperform" rating and set a $35.00 target price on shares of VICI Properties in a report on Wednesday. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $34.00.

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.