US Bancorp DE Cuts Stock Holdings in VICI Properties Inc. (NYSE:VICI)

US Bancorp DE decreased its holdings in shares of VICI Properties Inc. (NYSE:VICIGet Rating) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 81,345 shares of the company’s stock after selling 2,204 shares during the quarter. US Bancorp DE’s holdings in VICI Properties were worth $2,428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Van ECK Associates Corp grew its holdings in shares of VICI Properties by 66.6% during the third quarter. Van ECK Associates Corp now owns 450,219 shares of the company’s stock worth $13,439,000 after purchasing an additional 179,975 shares in the last quarter. Naviter Wealth LLC boosted its stake in VICI Properties by 35.4% in the third quarter. Naviter Wealth LLC now owns 27,724 shares of the company’s stock worth $838,000 after buying an additional 7,250 shares in the last quarter. Prospera Financial Services Inc boosted its stake in VICI Properties by 1.5% in the third quarter. Prospera Financial Services Inc now owns 230,145 shares of the company’s stock worth $6,870,000 after buying an additional 3,375 shares in the last quarter. Keybank National Association OH boosted its stake in VICI Properties by 9.8% in the third quarter. Keybank National Association OH now owns 12,333 shares of the company’s stock worth $368,000 after buying an additional 1,104 shares in the last quarter. Finally, Money Concepts Capital Corp purchased a new stake in VICI Properties in the third quarter worth approximately $820,000.

VICI Properties Stock Down 2.6 %

Shares of VICI Properties stock opened at $33.15 on Friday. The company has a market cap of $31.93 billion, a PE ratio of 30.98, a P/E/G ratio of 2.30 and a beta of 0.96. The business has a 50 day moving average of $32.85 and a 200 day moving average of $32.52. VICI Properties Inc. has a 52 week low of $26.23 and a 52 week high of $35.69.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 5th. Investors of record on Thursday, December 22nd were issued a dividend of $0.39 per share. The ex-dividend date was Wednesday, December 21st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.71%. VICI Properties’s dividend payout ratio is presently 145.80%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. LADENBURG THALM/SH SH cut their target price on VICI Properties from $36.00 to $34.50 in a research note on Wednesday, October 12th. JPMorgan Chase & Co. upped their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, October 24th. Deutsche Bank Aktiengesellschaft boosted their price objective on VICI Properties from $37.00 to $38.00 in a research report on Friday, December 2nd. Raymond James downgraded VICI Properties from a “strong-buy” rating to an “outperform” rating and lowered their price objective for the company from $38.00 to $36.00 in a research report on Monday, January 9th. Finally, KeyCorp boosted their price objective on VICI Properties from $33.00 to $35.00 and gave the company an “overweight” rating in a research report on Wednesday, November 30th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.63.

About VICI Properties

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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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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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