Walleye Capital LLC reduced its position in shares of VICI Properties Inc. (NYSE:VICI – Get Rating) by 28.5% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 27,039 shares of the company’s stock after selling 10,770 shares during the period. Walleye Capital LLC’s holdings in VICI Properties were worth $770,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the company. Focused Wealth Management Inc grew its position in shares of VICI Properties by 139.4% in the first quarter. Focused Wealth Management Inc now owns 862 shares of the company’s stock valued at $25,000 after purchasing an additional 502 shares in the last quarter. Allworth Financial LP purchased a new stake in shares of VICI Properties in the first quarter valued at approximately $34,000. Ellevest Inc. grew its position in shares of VICI Properties by 51.1% in the first quarter. Ellevest Inc. now owns 1,313 shares of the company’s stock valued at $37,000 after purchasing an additional 444 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of VICI Properties in the first quarter valued at approximately $47,000. Finally, Harel Insurance Investments & Financial Services Ltd. purchased a new position in VICI Properties in the first quarter worth approximately $60,000.
Analyst Ratings Changes
Several brokerages recently weighed in on VICI. LADENBURG THALM/SH SH increased their price objective on VICI Properties from $33.50 to $36.00 in a research report on Wednesday, July 27th. JMP Securities began coverage on VICI Properties in a research report on Wednesday, August 24th. They issued an “outperform” rating and a $38.00 price objective for the company. Raymond James increased their price objective on VICI Properties from $36.00 to $38.00 and gave the stock a “strong-buy” rating in a research report on Friday, July 8th. Truist Financial increased their price objective on VICI Properties from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Wednesday, July 20th. Finally, Evercore ISI reiterated an “outperform” rating and issued a $37.00 price objective on shares of VICI Properties in a research report on Wednesday, July 20th. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, VICI Properties presently has a consensus rating of “Buy” and an average target price of $36.45.
VICI Properties Trading Down 1.7 %
VICI Properties Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 6th. Stockholders of record on Thursday, September 22nd will be paid a $0.39 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Wednesday, September 21st. VICI Properties’s dividend payout ratio (DPR) is presently 142.58%.
VICI Properties Company Profile
VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.
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