VICI Properties Inc. (NYSE:VICI) Shares Sold by Griffin Asset Management Inc.

Griffin Asset Management Inc. reduced its stake in shares of VICI Properties Inc. (NYSE:VICI) by 1.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,721 shares of the company’s stock after selling 425 shares during the quarter. Griffin Asset Management Inc.’s holdings in VICI Properties were worth $810,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in shares of VICI Properties by 24.9% in the second quarter. The Manufacturers Life Insurance Company now owns 931,814 shares of the company’s stock valued at $26,687,000 after acquiring an additional 186,039 shares during the period. Mackenzie Financial Corp raised its position in VICI Properties by 3.5% in the 2nd quarter. Mackenzie Financial Corp now owns 134,167 shares of the company’s stock valued at $3,843,000 after purchasing an additional 4,539 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in VICI Properties by 107.0% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 11,588 shares of the company’s stock worth $332,000 after purchasing an additional 5,990 shares during the period. Sunbelt Securities Inc. grew its position in VICI Properties by 7,362.0% during the 2nd quarter. Sunbelt Securities Inc. now owns 12,163 shares of the company’s stock worth $348,000 after purchasing an additional 12,000 shares during the last quarter. Finally, Quarry LP increased its stake in 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 purchasing an additional 999 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

NYSE:VICI opened at $30.02 on Wednesday. The firm’s fifty day simple moving average is $30.24 and its 200-day simple moving average is $31.52. 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 stock has a market cap of $31.65 billion, a PE ratio of 11.12, a price-to-earnings-growth ratio of 3.76 and a beta of 0.94. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.76%. VICI Properties’s payout ratio is currently 64.07%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on VICI. Truist Financial lowered their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Mizuho dropped their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays assumed coverage on shares of VICI Properties in a research report on Friday, January 10th. They issued an “overweight” rating and a $36.00 price objective on the stock. Finally, 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 report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

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.