Nisa Investment Advisors LLC Cuts Stock Position in VICI Properties Inc. (NYSE:VICI)

Nisa Investment Advisors LLC trimmed its position in VICI Properties Inc. (NYSE:VICI) by 14.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 353,631 shares of the company’s stock after selling 60,334 shares during the period. Nisa Investment Advisors LLC’s holdings in VICI Properties were worth $11,952,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of VICI. Quarry LP boosted its holdings in shares of VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 999 shares in the last quarter. UMB Bank n.a. boosted its holdings in VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after purchasing an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. boosted its holdings in 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. acquired a new position in VICI Properties during the 2nd quarter worth approximately $43,000. Finally, Rothschild Investment LLC purchased a new position in shares of VICI Properties during the 2nd quarter worth approximately $47,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Trading Up 0.4 %

NYSE:VICI opened at $32.44 on Thursday. 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 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $33.01 and a 200-day simple moving average of $30.61. The company has a market capitalization of $33.84 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 5.04 and a beta of 0.93.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.33%. The ex-dividend date of this dividend was Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio is 68.38%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. Evercore ISI lifted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company restated an “overweight” rating and set a $36.00 target price (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

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.