VICI Properties Inc. (NYSE:VICI) Shares Sold by Quest Partners LLC

Quest Partners LLC lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 35.5% in the third quarter, Holdings Channel.com reports. The firm owned 6,834 shares of the company’s stock after selling 3,760 shares during the period. Quest Partners LLC’s holdings in VICI Properties were worth $228,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Quarry LP increased its stake in shares of 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 during the last quarter. UMB Bank n.a. increased its position in shares of 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 last quarter. Carmichael Hill & Associates Inc. raised its stake 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 purchasing an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VICI Properties during the second quarter worth about $43,000. Finally, Rothschild Investment LLC acquired a new position in VICI Properties in the second quarter worth about $47,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have issued reports on VICI shares. Wells Fargo & Company restated an “overweight” rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. 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. Evercore ISI boosted their target price 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 increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.22.

VICI Properties Price Performance

Shares of NYSE VICI opened at $32.37 on Wednesday. The stock has a market cap of $34.12 billion, a P/E ratio of 12.03, a P/E/G ratio of 4.27 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm’s 50-day simple moving average is $32.39 and its 200 day simple moving average is $31.04. 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were issued a $0.4325 dividend. The ex-dividend date was Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.34%. VICI Properties’s dividend payout ratio (DPR) 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.