Gentry Private Wealth LLC Cuts Stock Position in VICI Properties Inc. (NYSE:VICI)

Gentry Private Wealth LLC lowered its holdings in VICI Properties Inc. (NYSE:VICI) by 3.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,019 shares of the company’s stock after selling 355 shares during the period. Gentry Private Wealth LLC’s holdings in VICI Properties were worth $334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in VICI Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock worth $419,073,000 after purchasing an additional 201,899 shares during the last quarter. Legal & General Group Plc boosted its position in VICI Properties by 1.8% in the second quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock worth $413,163,000 after purchasing an additional 251,313 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in VICI Properties by 6.6% in the second quarter. Daiwa Securities Group Inc. now owns 12,064,575 shares of the company’s stock worth $345,530,000 after purchasing an additional 751,078 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in VICI Properties by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after purchasing an additional 770,195 shares during the last quarter. Finally, Boston Partners boosted its position in VICI Properties by 35.8% in the first quarter. Boston Partners now owns 8,631,164 shares of the company’s stock worth $257,094,000 after purchasing an additional 2,275,381 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE:VICI opened at $32.23 on Friday. 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 Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The firm has a market cap of $33.98 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 4.27 and a beta of 0.94. The business’s fifty day moving average is $32.42 and its 200 day moving average is $31.00.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.37%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s payout ratio is presently 64.07%.

Analysts Set New Price Targets

Several research analysts have weighed in on VICI shares. Evercore ISI boosted their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. JMP Securities upped their price target on 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 reaffirmed an “overweight” rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, Mizuho dropped their price target on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and an average target price of $34.22.

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.