BI Asset Management Fondsmaeglerselskab A S Sells 571,151 Shares of VICI Properties Inc. $VICI

BI Asset Management Fondsmaeglerselskab A S cut its position in VICI Properties Inc. (NYSE:VICI) by 64.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 318,159 shares of the company’s stock after selling 571,151 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in VICI Properties were worth $10,375,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC grew its stake in VICI Properties by 3.3% in the third quarter. Dynamic Advisor Solutions LLC now owns 10,404 shares of the company’s stock valued at $339,000 after acquiring an additional 337 shares during the period. Heritage Wealth Advisors lifted its holdings in shares of VICI Properties by 18.9% in the 2nd quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock worth $72,000 after purchasing an additional 350 shares in the last quarter. Bell Investment Advisors Inc grew its position in VICI Properties by 32.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after purchasing an additional 351 shares during the period. Armstrong Advisory Group Inc. grew its position in VICI Properties by 4.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 8,462 shares of the company’s stock valued at $276,000 after purchasing an additional 370 shares during the period. Finally, Leo Wealth LLC increased its stake in VICI Properties by 5.7% during the 2nd quarter. Leo Wealth LLC now owns 7,271 shares of the company’s stock valued at $237,000 after purchasing an additional 391 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Barclays reduced their price objective on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a research report on Monday, December 29th. The Goldman Sachs Group cut their price target on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Stifel Nicolaus lowered their price objective on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, October 31st. Finally, Evercore ISI reaffirmed an “in-line” rating and set a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.85.

VICI Properties Price Performance

VICI Properties stock opened at $28.75 on Friday. VICI Properties Inc. has a 52 week low of $27.48 and a 52 week high of $34.03. The company’s 50 day moving average price is $28.19 and its two-hundred day moving average price is $30.59. The stock has a market cap of $30.72 billion, a P/E ratio of 10.97, a P/E/G ratio of 2.87 and a beta of 0.70. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were given a $0.45 dividend. The ex-dividend date of this dividend was Wednesday, December 17th. This represents a $1.80 annualized dividend and a yield of 6.3%. VICI Properties’s payout ratio is currently 68.70%.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.