MetLife Investment Management LLC Sells 6,095 Shares of VICI Properties Inc. (NYSE:VICI)

MetLife Investment Management LLC trimmed its position in VICI Properties Inc. (NYSE:VICI) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 303,987 shares of the company’s stock after selling 6,095 shares during the quarter. MetLife Investment Management LLC’s holdings in VICI Properties were worth $10,126,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VICI. Quarry LP lifted its stake in VICI Properties by 780.5% in 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 during the period. UMB Bank n.a. grew its holdings in VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after purchasing an additional 982 shares during the period. Carmichael Hill & Associates Inc. increased its stake in VICI Properties by 363.2% in 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in VICI Properties in the second quarter worth $43,000. Finally, Rothschild Investment LLC bought a new position in shares of VICI Properties during the second quarter worth $47,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. JMP Securities lifted their target price on VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Mizuho lowered their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, Evercore ISI boosted their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.22.

VICI Properties Trading Up 0.7 %

VICI Properties stock opened at $32.60 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The firm has a 50-day moving average of $32.35 and a 200-day moving average of $31.08. The company has a market cap of $34.37 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 4.32 and a beta of 0.94. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.31%. This is an increase 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 (DPR) is currently 64.07%.

VICI Properties 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.