Portfolio Design Labs LLC lowered its stake in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 87.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,362 shares of the company's stock after selling 68,100 shares during the quarter. Portfolio Design Labs LLC's holdings in VICI Properties were worth $312,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in VICI Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company's stock worth $419,073,000 after purchasing an additional 201,899 shares during the period. Legal & General Group Plc boosted its holdings in VICI Properties by 1.8% in the second quarter. Legal & General Group Plc now owns 14,426,075 shares of the company's stock worth $413,163,000 after purchasing an additional 251,313 shares during the period. Daiwa Securities Group Inc. boosted its holdings in VICI Properties by 6.6% in the second quarter. Daiwa Securities Group Inc. now owns 12,064,575 shares of the company's stock worth $345,530,000 after purchasing an additional 751,078 shares during the period. Boston Partners lifted its stake in VICI Properties by 35.8% in the first quarter. Boston Partners now owns 8,631,164 shares of the company's stock valued at $257,094,000 after buying an additional 2,275,381 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in VICI Properties by 11.3% in the second quarter. Envestnet Asset Management Inc. now owns 4,889,591 shares of the company's stock valued at $140,038,000 after buying an additional 496,351 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company's stock.
Analyst Ratings Changes
A number of research firms have issued reports on VICI. 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. Wells Fargo & Company restated an "overweight" rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Evercore ISI lifted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an "outperform" rating in a research note on Monday, September 16th. Finally, JMP Securities lifted their price objective on shares of 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 equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $34.22.
Get Our Latest Stock Analysis on VICI Properties
VICI Properties Price Performance
NYSE:VICI opened at $32.12 on Thursday. The business's 50-day moving average price is $32.47 and its 200 day moving average price is $30.97. The firm has a market cap of $33.86 billion, a P/E ratio of 11.90, a PEG ratio of 4.27 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 quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.
VICI Properties Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.39%. This is a boost from VICI Properties's previous quarterly dividend of $0.42. VICI Properties's dividend payout ratio (DPR) 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 Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
