ArrowMark Colorado Holdings LLC Trims Stock Holdings in VICI Properties Inc. (NYSE:VICI)

ArrowMark Colorado Holdings LLC lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 571,000 shares of the company’s stock after selling 52,000 shares during the quarter. ArrowMark Colorado Holdings LLC’s holdings in VICI Properties were worth $19,020,000 as of its most recent filing with the Securities and Exchange Commission.

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

Analysts Set New Price Targets

Several research firms have recently commented on VICI. Evercore ISI increased 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. Mizuho cut their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, November 14th. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, JMP Securities upped their price target on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Stock Up 0.0 %

Shares of VICI Properties stock opened at $32.61 on Monday. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The stock has a market capitalization of $34.38 billion, a price-to-earnings ratio of 12.08, a PEG ratio of 4.32 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The business’s 50 day simple moving average is $32.34 and its 200-day simple moving average is $31.12.

VICI Properties Increases Dividend

The business also recently announced 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 a boost from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

About VICI Properties

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.