Harvest Portfolios Group Inc. Sells 15,201 Shares of VICI Properties Inc. (NYSE:VICI)

Harvest Portfolios Group Inc. trimmed its holdings in VICI Properties Inc. (NYSE:VICI) by 7.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 184,932 shares of the company’s stock after selling 15,201 shares during the quarter. Harvest Portfolios Group Inc.’s holdings in VICI Properties were worth $6,160,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Montag A & Associates Inc. raised its stake in shares of VICI Properties by 3.3% in the second quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock worth $357,000 after acquiring an additional 389 shares during the last quarter. MAS Advisors LLC raised its position in VICI Properties by 2.8% in the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock worth $422,000 after purchasing an additional 398 shares during the last quarter. Insight Folios Inc lifted its holdings in VICI Properties by 2.5% during the 3rd quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock worth $601,000 after buying an additional 433 shares in the last quarter. Massmutual Trust Co. FSB ADV boosted its position in VICI Properties by 23.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock valued at $78,000 after buying an additional 442 shares during the last quarter. Finally, Cornell Pochily Investment Advisors Inc. increased its stake in shares of VICI Properties by 7.1% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 7,516 shares of the company’s stock valued at $250,000 after buying an additional 498 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Up 1.1 %

Shares of VICI Properties stock opened at $32.40 on Wednesday. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The stock has a market cap of $34.16 billion, a PE ratio of 11.86, a PEG ratio of 4.98 and a beta of 0.94. The firm has a 50-day moving average of $32.93 and a 200-day moving average of $30.76. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.34%. The ex-dividend date was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio is presently 64.07%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. JMP Securities increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Finally, Evercore ISI boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $34.11.

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.