Shell Asset Management Co. Decreases Stake in VICI Properties Inc. (NYSE:VICI)

Shell Asset Management Co. trimmed its position in shares of VICI Properties Inc. (NYSE:VICI) by 38.3% during the first quarter, Holdings Channel reports. The institutional investor owned 54,122 shares of the company’s stock after selling 33,542 shares during the quarter. Shell Asset Management Co.’s holdings in VICI Properties were worth $1,612,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in VICI. Nomura Asset Management Co. Ltd. lifted its holdings in VICI Properties by 3.8% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,540,140 shares of the company’s stock worth $49,100,000 after buying an additional 56,595 shares during the last quarter. Hohimer Wealth Management LLC acquired a new position in VICI Properties in the fourth quarter valued at approximately $2,400,000. Handelsbanken Fonder AB boosted its holdings in VICI Properties by 85.1% in the fourth quarter. Handelsbanken Fonder AB now owns 514,232 shares of the company’s stock valued at $16,394,000 after purchasing an additional 236,430 shares in the last quarter. Louisiana State Employees Retirement System acquired a new stake in VICI Properties during the fourth quarter worth approximately $1,996,000. Finally, International Assets Investment Management LLC lifted its position in shares of VICI Properties by 3,074.1% during the 4th quarter. International Assets Investment Management LLC now owns 181,844 shares of the company’s stock worth $5,704,000 after buying an additional 176,115 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on VICI shares. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Mizuho lifted their target price on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Scotiabank raised their price target on VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.44.

VICI Properties Stock Performance

VICI Properties stock traded up $0.42 during mid-day trading on Friday, reaching $30.90. 1,112,088 shares of the company were exchanged, compared to its average volume of 6,235,775. The firm’s 50-day simple moving average is $28.79 and its two-hundred day simple moving average is $29.26. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $33.40. The firm has a market cap of $32.23 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 2.67 and a beta of 0.92.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th were given a $0.415 dividend. The ex-dividend date was Tuesday, June 18th. This represents a $1.66 dividend on an annualized basis and a yield of 5.37%. VICI Properties’s dividend payout ratio (DPR) is 65.61%.

VICI Properties Company 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.