Dumont & Blake Investment Advisors LLC Reduces Position in VICI Properties Inc. (NYSE:VICI)

Dumont & Blake Investment Advisors LLC trimmed its stake in VICI Properties Inc. (NYSE:VICI) by 49.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,727 shares of the company’s stock after selling 25,767 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in VICI Properties were worth $890,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of VICI. Quarry LP raised its position in shares of VICI Properties by 780.5% during the 2nd 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. UMB Bank n.a. grew its position in shares of VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after purchasing an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. raised its stake in VICI Properties by 363.2% during 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 during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in VICI Properties in the 2nd quarter worth approximately $43,000. Finally, Rothschild Investment LLC purchased a new stake in VICI Properties during the 2nd quarter valued at approximately $47,000. 97.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

VICI Properties Price Performance

Shares of NYSE VICI traded down $0.08 during mid-day trading on Friday, hitting $32.73. 107,558 shares of the company’s stock traded hands, compared to its average volume of 5,711,600. The company has a market capitalization of $34.14 billion, a P/E ratio of 12.97, a PEG ratio of 5.15 and a beta of 0.93. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. The company’s 50-day moving average is $32.99 and its two-hundred day moving average is $30.51.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were issued a $0.4325 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.29%. VICI Properties’s payout ratio is 68.38%.

About VICI Properties

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.