M&T Bank Corp trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 2.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 861,487 shares of the company's stock after selling 18,662 shares during the quarter. M&T Bank Corp owned 0.08% of VICI Properties worth $28,696,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in VICI. Rockefeller Capital Management L.P. raised its holdings in shares of VICI Properties by 8.0% in the third 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 holdings 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 acquiring an additional 770,195 shares in the last quarter. Handelsbanken Fonder AB raised its holdings 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 valued at $19,781,000 after acquiring an additional 47,953 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in shares of VICI Properties in the second quarter valued at about $557,000. Finally, Los Angeles Capital Management LLC raised its holdings in shares of VICI Properties by 367.8% in the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company's stock valued at $73,927,000 after acquiring an additional 1,744,939 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several analysts recently weighed in on the company. Evercore ISI lifted their price objective on VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a report on Monday, September 16th. 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. Mizuho cut their target price 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. Finally, JMP Securities reiterated a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a research note on Wednesday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, VICI Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $34.00.
View Our Latest Analysis on VICI
VICI Properties Stock Down 0.4 %
Shares of VICI stock traded down $0.12 during trading hours on Wednesday, reaching $31.32. 4,544,911 shares of the company's stock were exchanged, compared to its average volume of 5,618,712. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The stock has a market cap of $33.01 billion, a PE ratio of 11.60, a PEG ratio of 4.19 and a beta of 0.93. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock's fifty day moving average price is $32.12 and its two-hundred day moving average price is $31.22.
VICI Properties Announces Dividend
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 given 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 yield of 5.52%. VICI Properties's dividend payout ratio is currently 64.07%.
About VICI Properties
(
Free Report)
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.
Featured Stories
Before you consider VICI Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and VICI Properties wasn't on the list.
While VICI Properties currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
