VICI Properties Inc. (NYSE:VICI) Shares Sold by Heitman Real Estate Securities LLC

Heitman Real Estate Securities LLC cut its position in VICI Properties Inc. (NYSE:VICI) by 1.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 765,000 shares of the company’s stock after selling 7,910 shares during the period. VICI Properties makes up 1.4% of Heitman Real Estate Securities LLC’s portfolio, making the stock its 28th biggest holding. Heitman Real Estate Securities LLC’s holdings in VICI Properties were worth $25,482,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VICI. Charles Schwab Investment Management Inc. increased its stake in VICI Properties by 7.0% during 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 period. Handelsbanken Fonder AB increased its stake in VICI Properties by 8.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock worth $19,781,000 after buying an additional 47,953 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of VICI Properties during the second quarter worth $557,000. Los Angeles Capital Management LLC raised its stake in shares of VICI Properties by 367.8% in the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock valued at $73,927,000 after acquiring an additional 1,744,939 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new position in VICI Properties in the third quarter valued at $1,265,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 1.2 %

VICI opened at $32.21 on Tuesday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The business’s 50 day moving average is $32.31 and its two-hundred day moving average is $31.13. The firm has a market cap of $33.95 billion, a price-to-earnings ratio of 11.93, a price-to-earnings-growth ratio of 4.32 and a beta of 0.93.

VICI Properties Increases Dividend

The firm 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 represents a $1.73 dividend on an annualized basis and a dividend yield of 5.37%. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. VICI Properties’s dividend payout ratio is presently 64.07%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on VICI shares. Evercore ISI lifted their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. JMP Securities raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Mizuho dropped their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, November 14th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.