PNC Financial Services Group Inc. cut its position in shares of VICI Properties Inc. (NYSE:VICI – Free Report) by 18.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 98,694 shares of the company’s stock after selling 21,612 shares during the quarter. PNC Financial Services Group Inc.’s holdings in VICI Properties were worth $2,775,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. NewEdge Advisors LLC boosted its stake in VICI Properties by 204.4% during the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock valued at $1,226,000 after buying an additional 25,234 shares in the last quarter. Woodline Partners LP raised its position in VICI Properties by 41.3% in the first quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock worth $2,905,000 after acquiring an additional 26,017 shares in the last quarter. Jump Financial LLC raised its position in VICI Properties by 45.0% in the second quarter. Jump Financial LLC now owns 26,597 shares of the company’s stock worth $867,000 after acquiring an additional 8,259 shares in the last quarter. Treasurer of the State of North Carolina raised its position in VICI Properties by 96.0% in the second quarter. Treasurer of the State of North Carolina now owns 976,778 shares of the company’s stock worth $31,843,000 after acquiring an additional 478,538 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in VICI Properties by 1.3% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 210,846 shares of the company’s stock valued at $6,860,000 after acquiring an additional 2,775 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.
VICI Properties Stock Performance
Shares of VICI stock opened at $28.59 on Wednesday. VICI Properties Inc. has a 1-year low of $26.55 and a 1-year high of $34.01. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $30.56 billion, a price-to-earnings ratio of 9.79 and a beta of 0.67. The stock’s fifty day simple moving average is $28.14 and its 200-day simple moving average is $28.58.
VICI Properties Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.3%. VICI Properties’s dividend payout ratio (DPR) is 61.64%.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on VICI. Mizuho restated a “neutral” rating and set a $30.00 price objective on shares of VICI Properties in a research report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of VICI Properties in a research note on Monday, May 4th. Robert W. Baird reduced their target price on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Barclays upped their price target on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Scotiabank increased their price objective on VICI Properties from $30.00 to $32.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 12th. Seven investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $33.38.
VICI Properties Company Profile
VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.
The company’s portfolio is concentrated in major U.S.
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