Huntington National Bank Sells 347 Shares of VICI Properties Inc. (NYSE:VICI)

Huntington National Bank lessened its stake in shares of VICI Properties Inc. (NYSE:VICI – Get Rating) by 12.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,505 shares of the company’s stock after selling 347 shares during the quarter. Huntington National Bank’s holdings in VICI Properties were worth $81,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Heartland Bank & Trust Co bought a new position in shares of VICI Properties during the 4th quarter worth approximately $436,000. Lee Financial Co increased its holdings in VICI Properties by 1.3% during the 4th quarter. Lee Financial Co now owns 68,789 shares of the company’s stock valued at $2,229,000 after purchasing an additional 875 shares in the last quarter. Treasurer of the State of North Carolina increased its holdings in VICI Properties by 1.5% during the 4th quarter. Treasurer of the State of North Carolina now owns 431,975 shares of the company’s stock valued at $13,996,000 after purchasing an additional 6,440 shares in the last quarter. MAI Capital Management increased its holdings in VICI Properties by 14.0% during the 4th quarter. MAI Capital Management now owns 24,785 shares of the company’s stock valued at $803,000 after purchasing an additional 3,051 shares in the last quarter. Finally, Beacon Investment Advisors LLC acquired a new stake in VICI Properties during the 4th quarter valued at $357,000.

VICI Properties Trading Down 2.3 %

NYSE VICI opened at $31.10 on Wednesday. The stock has a 50-day simple moving average of $32.33 and a 200 day simple moving average of $32.92. The company has a market capitalization of $31.23 billion, a PE ratio of 21.75, a P/E/G ratio of 2.31 and a beta of 0.94. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.70. VICI Properties Inc. has a 12 month low of $27.75 and a 12 month high of $35.69.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 6th. Shareholders of record on Thursday, March 23rd were paid a $0.39 dividend. The ex-dividend date was Wednesday, March 22nd. This represents a $1.56 dividend on an annualized basis and a yield of 5.02%. VICI Properties’s payout ratio is 109.09%.

Analysts Set New Price Targets

VICI has been the subject of a number of recent analyst reports. Mizuho started coverage on VICI Properties in a report on Wednesday, April 5th. They set a “buy” rating and a $35.00 price target for the company. Wolfe Research dropped their target price on VICI Properties from $46.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday, March 22nd. JMP Securities restated a “market outperform” rating and set a $38.00 target price on shares of VICI Properties in a research report on Tuesday, March 21st. LADENBURG THALM/SH SH boosted their target price on VICI Properties from $34.50 to $37.00 in a research report on Monday, May 1st. Finally, Raymond James boosted their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Thursday, April 6th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $36.92.

About VICI Properties

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VICI Properties, Inc is a real estate investment trust, which owns, acquires and develops gaming, hospitality and entertainment properties. It operates through the following segments: Real Property Business and Golf Course Business. The Real Property Business segment consists of leased real property.