Plan Group Financial LLC Cuts Stake in VICI Properties Inc. (NYSE:VICI)

Plan Group Financial LLC cut its stake in VICI Properties Inc. (NYSE:VICI) by 14.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,661 shares of the company’s stock after selling 5,136 shares during the quarter. Plan Group Financial LLC’s holdings in VICI Properties were worth $988,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its stake in shares of VICI Properties by 671.3% during the first quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock valued at $21,494,000 after acquiring an additional 627,979 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of VICI Properties by 15.1% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock valued at $56,079,000 after acquiring an additional 246,983 shares in the last quarter. Norden Group LLC acquired a new stake in shares of VICI Properties during the first quarter valued at about $1,033,000. Intech Investment Management LLC grew its stake in shares of VICI Properties by 115.9% during the first quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock valued at $934,000 after acquiring an additional 16,824 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of VICI Properties by 14.0% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 484,628 shares of the company’s stock valued at $14,437,000 after acquiring an additional 59,613 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Down 0.0 %

NYSE:VICI opened at $32.76 on Wednesday. The company has a market capitalization of $34.17 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 5.21 and a beta of 0.93. VICI Properties Inc. has a one year low of $26.63 and a one year high of $34.29. The stock has a 50-day simple moving average of $32.95 and a 200 day simple moving average of $30.47. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were issued a $0.4325 dividend. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.28%. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is currently 68.38%.

Wall Street Analyst Weigh In

VICI has been the subject of several recent analyst reports. Evercore ISI raised their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $34.00.

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.