SG Americas Securities LLC Sells 70,929 Shares of VICI Properties Inc. (NYSE:VICI)

SG Americas Securities LLC cut its holdings in VICI Properties Inc. (NYSE:VICIGet Rating) by 75.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,953 shares of the company’s stock after selling 70,929 shares during the period. SG Americas Securities LLC’s holdings in VICI Properties were worth $685,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Zions Bancorporation N.A. lifted its stake in VICI Properties by 120.9% in the second quarter. Zions Bancorporation N.A. now owns 1,131 shares of the company’s stock worth $34,000 after purchasing an additional 619 shares during the last quarter. Beaird Harris Wealth Management LLC bought a new position in VICI Properties during the 2nd quarter valued at approximately $34,000. Brown Brothers Harriman & Co. purchased a new stake in VICI Properties in the 1st quarter worth approximately $47,000. UMB Bank n.a. grew its position in shares of VICI Properties by 632.4% in the 2nd quarter. UMB Bank n.a. now owns 1,604 shares of the company’s stock worth $48,000 after buying an additional 1,385 shares during the last quarter. Finally, Venture Visionary Partners LLC purchased a new position in shares of VICI Properties during the second quarter valued at approximately $48,000.

VICI Properties Stock Performance

Shares of VICI opened at $33.58 on Friday. The stock has a market cap of $32.34 billion, a PE ratio of 31.38 and a beta of 0.96. VICI Properties Inc. has a fifty-two week low of $26.23 and a fifty-two week high of $35.69. The firm’s 50-day simple moving average is $32.98 and its two-hundred day simple moving average is $32.62.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Shareholders of record on Thursday, December 22nd were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend was Wednesday, December 21st. VICI Properties’s dividend payout ratio (DPR) is presently 145.80%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on VICI shares. JPMorgan Chase & Co. raised their price target on VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research note on Monday, October 24th. LADENBURG THALM/SH SH reduced their price target on shares of VICI Properties from $36.00 to $34.50 in a research report on Wednesday, October 12th. Raymond James downgraded shares of VICI Properties from a “strong-buy” rating to an “outperform” rating and decreased their price target for the stock from $38.00 to $36.00 in a research note on Monday, January 9th. Deutsche Bank Aktiengesellschaft increased their price target on shares of VICI Properties from $37.00 to $38.00 in a research note on Friday, December 2nd. Finally, Morgan Stanley increased their price target on shares of VICI Properties from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research note on Friday, December 16th. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.77.

VICI Properties Company Profile

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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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