Greenleaf Trust Has $253,000 Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Greenleaf Trust trimmed its position in VICI Properties Inc. (NYSE:VICI) by 19.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,947 shares of the company’s stock after selling 1,875 shares during the quarter. Greenleaf Trust’s holdings in VICI Properties were worth $253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. grew its stake in shares of VICI Properties by 19.1% during the third quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock worth $689,281,000 after purchasing an additional 3,798,898 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of VICI Properties by 50.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock valued at $261,558,000 after acquiring an additional 2,736,096 shares during the last quarter. American Century Companies Inc. raised its position in shares of VICI Properties by 51.4% in the 3rd quarter. American Century Companies Inc. now owns 4,102,589 shares of the company’s stock valued at $119,385,000 after acquiring an additional 1,393,365 shares during the period. Apollo Management Holdings L.P. bought a new position in VICI Properties during the 3rd quarter worth approximately $37,539,000. Finally, Strs Ohio grew its holdings in VICI Properties by 84.3% during the fourth quarter. Strs Ohio now owns 2,418,990 shares of the company’s stock valued at $77,117,000 after purchasing an additional 1,106,488 shares during the period. 97.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on VICI. Wells Fargo & Company reduced their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Mizuho lowered their price target on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, Morgan Stanley increased their price objective on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average target price of $34.36.

VICI Properties Trading Down 0.5 %

Shares of VICI Properties stock opened at $28.43 on Thursday. The stock has a market cap of $29.66 billion, a PE ratio of 11.46, a PEG ratio of 6.42 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. The firm has a 50-day moving average of $29.07 and a 200-day moving average of $29.62. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $34.05.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a dividend of $0.415 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 annualized dividend and a yield of 5.84%. VICI Properties’s dividend payout ratio is 66.94%.

Insiders Place Their Bets

In other news, Director James R. Abrahamson acquired 3,000 shares of the stock in a transaction on Thursday, March 14th. The stock was acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the transaction, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.25% of the company’s stock.

VICI Properties Company 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.