Sumitomo Mitsui Trust Holdings Inc. Sells 44,550 Shares of VICI Properties Inc. (NYSE:VICI)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in shares of VICI Properties Inc. (NYSE:VICI) by 0.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,084,609 shares of the company’s stock after selling 44,550 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.49% of VICI Properties worth $151,471,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in VICI. HBC Financial Services PLLC bought a new stake in shares of VICI Properties in the 4th quarter valued at approximately $31,000. Tucker Asset Management LLC grew its stake in shares of VICI Properties by 1,888.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 1,020 shares during the period. Blue Trust Inc. grew its stake in shares of VICI Properties by 455.3% in the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after purchasing an additional 938 shares during the period. Quarry LP grew its stake in shares of VICI Properties by 143.1% in the 4th quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after purchasing an additional 741 shares during the period. Finally, Planned Solutions Inc. bought a new stake in shares of VICI Properties in the 4th quarter valued at approximately $45,000. 97.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on VICI shares. Wells Fargo & Company lowered their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 6th. Mizuho boosted their target price on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a report on Friday, June 21st. Finally, Scotiabank boosted their target price on VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target of $33.50.

VICI Properties Stock Up 0.4 %

Shares of VICI traded up $0.12 during trading hours on Wednesday, reaching $27.89. The stock had a trading volume of 740,307 shares, compared to its average volume of 6,249,467. The firm has a 50-day moving average of $28.73 and a 200 day moving average of $29.51. The company has a market cap of $29.09 billion, a P/E ratio of 10.98, a P/E/G ratio of 2.34 and a beta of 0.92. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $33.40.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th will be issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.95%. The ex-dividend date of this dividend is Tuesday, June 18th. VICI Properties’s dividend payout ratio (DPR) is presently 65.61%.

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.