Jaffetilchin Investment Partners LLC Sells 511 Shares of VICI Properties Inc. (NYSE:VICI)

Jaffetilchin Investment Partners LLC lessened its stake in VICI Properties Inc. (NYSE:VICI) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,393 shares of the company’s stock after selling 511 shares during the period. Jaffetilchin Investment Partners LLC’s holdings in VICI Properties were worth $779,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of VICI. Quarry LP boosted its holdings 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 acquiring an additional 999 shares in the last quarter. UMB Bank n.a. increased 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 valued at $39,000 after buying an additional 982 shares during the period. Carmichael Hill & Associates Inc. lifted its holdings in VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after buying an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in VICI Properties in the second quarter worth about $43,000. Finally, Rothschild Investment LLC bought a new stake in VICI Properties during the 2nd quarter valued at approximately $47,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on VICI. JMP Securities increased their target price on VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Evercore ISI raised their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, 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 report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average price target of $34.11.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $31.28 on Tuesday. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The firm’s 50-day moving average is $32.76 and its 200 day moving average is $30.84. The stock has a market cap of $32.97 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 4.80 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.53%. The ex-dividend date of this dividend was Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio is currently 64.07%.

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.