VICI Properties Inc. $VICI Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its holdings in VICI Properties Inc. (NYSE:VICI) by 2.0% during the third quarter, HoldingsChannel.com reports. The fund owned 2,046,768 shares of the company’s stock after selling 40,726 shares during the quarter. Rhumbline Advisers’ holdings in VICI Properties were worth $66,745,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in VICI Properties by 2.4% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 3,466,757 shares of the company’s stock worth $113,051,000 after acquiring an additional 81,300 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of VICI Properties by 85.3% during the second quarter. D.A. Davidson & CO. now owns 20,534 shares of the company’s stock valued at $669,000 after purchasing an additional 9,451 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of VICI Properties by 5.4% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,381,529 shares of the company’s stock worth $77,638,000 after purchasing an additional 122,796 shares in the last quarter. Swedbank AB lifted its position in shares of VICI Properties by 4.0% during the third quarter. Swedbank AB now owns 4,874,730 shares of the company’s stock worth $158,965,000 after purchasing an additional 188,690 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in shares of VICI Properties by 11.7% in the third quarter. Allianz Asset Management GmbH now owns 27,986,645 shares of the company’s stock valued at $912,644,000 after purchasing an additional 2,937,039 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

VICI opened at $29.06 on Friday. The company has a market capitalization of $31.06 billion, a P/E ratio of 11.09, a PEG ratio of 2.90 and a beta of 0.70. The company has a 50-day moving average of $28.25 and a 200-day moving average of $30.45. The company has a debt-to-equity ratio of 0.60, a quick ratio of 3.60 and a current ratio of 3.60. VICI Properties Inc. has a 1-year low of $27.48 and a 1-year high of $34.03.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Investors of record on Wednesday, December 17th were issued a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Wednesday, December 17th. VICI Properties’s payout ratio is currently 68.70%.

Analyst Upgrades and Downgrades

VICI has been the topic of several analyst reports. Stifel Nicolaus dropped their price target on shares of VICI Properties from $35.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Wells Fargo & Company reaffirmed an “equal weight” rating and set a $32.00 target price (down from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Mizuho reduced their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Finally, Cantor Fitzgerald set a $33.00 price objective on VICI Properties in a research note on Monday, January 5th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.85.

VICI Properties Company 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.