Amalgamated Bank Sells 4,663 Shares of VICI Properties Inc. (NYSE:VICI)

Amalgamated Bank lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 2.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 205,520 shares of the company’s stock after selling 4,663 shares during the period. Amalgamated Bank’s holdings in VICI Properties were worth $6,846,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Quarry LP grew its stake in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after buying an additional 999 shares in the last quarter. UMB Bank n.a. boosted its stake in VICI Properties by 254.4% in the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after buying an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. grew its position in VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after acquiring an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in VICI Properties during the second quarter worth about $43,000. Finally, Rothschild Investment LLC bought a new position in shares of VICI Properties in the second quarter worth about $47,000. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VICI has been the topic of a number of research analyst reports. JMP Securities raised their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Evercore ISI increased their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.11.

VICI Properties Trading Down 2.9 %

NYSE:VICI opened at $31.11 on Thursday. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The firm’s fifty day moving average is $32.89 and its 200-day moving average is $30.76. The firm has a market cap of $32.80 billion, a P/E ratio of 11.52, a P/E/G ratio of 4.98 and a beta of 0.94. 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 declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were issued a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a yield of 5.56%. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

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.