VICI Properties Inc. (NYSE:VICI) Shares Sold by Community Trust & Investment Co.

Community Trust & Investment Co. trimmed its holdings in VICI Properties Inc. (NYSE:VICI) by 3.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 94,623 shares of the company’s stock after selling 2,883 shares during the quarter. Community Trust & Investment Co.’s holdings in VICI Properties were worth $2,764,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC boosted its holdings in VICI Properties by 717.1% in the 2nd quarter. Acadian Asset Management LLC now owns 32,121 shares of the company’s stock valued at $918,000 after purchasing an additional 28,190 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in VICI Properties by 11.3% in the second quarter. Envestnet Asset Management Inc. now owns 4,889,591 shares of the company’s stock valued at $140,038,000 after acquiring an additional 496,351 shares during the last quarter. Dimensional Fund Advisors LP grew 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 acquiring an additional 201,899 shares during the period. One Capital Management LLC acquired a new stake in VICI Properties during the second quarter worth $780,000. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in VICI Properties in the second quarter valued at $346,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI stock opened at $28.99 on Wednesday. The firm has a 50 day moving average of $30.60 and a two-hundred day moving average of $31.42. The stock has a market capitalization of $30.56 billion, a PE ratio of 10.74, a P/E/G ratio of 4.12 and a beta of 0.94. 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.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.97%. VICI Properties’s payout ratio is 64.07%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on VICI. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Barclays started coverage on shares of VICI Properties in a research note on Friday, January 10th. They issued an “overweight” rating and a $36.00 price target on the stock. Mizuho lowered their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Finally, JMP Securities reissued a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research report on Wednesday, December 11th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.33.

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.