VICI Properties Inc. (NYSE:VICI) Stock Position Decreased by Carret Asset Management LLC

Carret Asset Management LLC decreased its position in VICI Properties Inc. (NYSE:VICI) by 2.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 69,283 shares of the company’s stock after selling 1,565 shares during the quarter. Carret Asset Management LLC’s holdings in VICI Properties were worth $2,308,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after buying an additional 999 shares in the last quarter. UMB Bank n.a. boosted its position in VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after purchasing an additional 982 shares during the period. Carmichael Hill & Associates Inc. grew its holdings in VICI Properties by 363.2% during the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after purchasing an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VICI Properties in the second quarter valued at approximately $43,000. Finally, Rothschild Investment LLC bought a new stake in shares of VICI Properties during the 2nd quarter worth $47,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Down 2.2 %

Shares of VICI opened at $32.10 on Friday. The stock’s 50-day moving average price is $33.00 and its 200 day moving average price is $30.53. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $33.49 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 5.15 and a beta of 0.93. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $34.29.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.39%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s dividend payout ratio is presently 68.38%.

Analyst Ratings Changes

VICI has been the topic of several recent analyst reports. Evercore ISI lifted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company restated an “overweight” rating and set a $36.00 target price (up previously 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. According to data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and an average target price 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.