Natixis Advisors L.P. Cuts Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Natixis Advisors L.P. cut its position in shares of VICI Properties Inc. (NYSE:VICI) by 2.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 461,147 shares of the company’s stock after selling 10,866 shares during the period. Natixis Advisors L.P.’s holdings in VICI Properties were worth $14,701,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Bell Investment Advisors Inc increased its stake in shares of VICI Properties by 77.7% during the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after purchasing an additional 410 shares in the last quarter. Alaska Permanent Fund Corp raised its position in shares of VICI Properties by 87.4% in the third quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock valued at $29,000 after buying an additional 466 shares during the last quarter. HBC Financial Services PLLC purchased a new position in shares of VICI Properties in the fourth quarter worth about $31,000. Blue Trust Inc. boosted its position in VICI Properties by 455.3% during the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after acquiring an additional 938 shares during the last quarter. Finally, ING Groep NV purchased a new stake in VICI Properties during the 3rd quarter valued at about $36,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently weighed in on VICI. Wells Fargo & Company lowered their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Morgan Stanley boosted their price objective on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Finally, Mizuho cut their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $34.10.

VICI Properties Stock Performance

NYSE VICI opened at $29.06 on Tuesday. The stock has a market cap of $30.31 billion, a PE ratio of 11.49, a P/E/G ratio of 6.47 and a beta of 0.90. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $33.40. The stock has a fifty day simple moving average of $28.91 and a 200-day simple moving average of $29.60. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio is presently 65.61%.

Insider Activity

In related news, Director James R. Abrahamson acquired 3,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The stock was purchased at an average price of $28.85 per share, with a total value of $86,550.00. Following the transaction, the director now owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.25% of the company’s stock.

VICI Properties Company 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.