Weiss Asset Management LP reduced its stake in shares of VICI Properties Inc. (NYSE:VICI – Free Report) by 7.5% in the first quarter, HoldingsChannel reports. The institutional investor owned 433,678 shares of the company’s stock after selling 35,258 shares during the period. Weiss Asset Management LP’s holdings in VICI Properties were worth $11,848,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Bayban purchased a new position in shares of VICI Properties in the fourth quarter worth $25,000. Dynamic Wealth Strategies LLC purchased a new position in VICI Properties during the first quarter valued at $25,000. State of Wyoming bought a new stake in VICI Properties in the 2nd quarter valued at $26,000. Evolution Wealth Management Inc. bought a new stake in VICI Properties in the 4th quarter valued at $28,000. Finally, Headlands Technologies LLC purchased a new stake in VICI Properties in the 2nd quarter worth $28,000. Institutional investors own 97.71% of the company’s stock.
VICI Properties Price Performance
VICI Properties stock opened at $26.75 on Friday. VICI Properties Inc. has a 52-week low of $25.82 and a 52-week high of $34.01. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.59. The firm’s fifty day moving average is $27.27 and its 200 day moving average is $28.09. The company has a market cap of $28.59 billion, a price-to-earnings ratio of 9.16 and a beta of 0.65.
VICI Properties Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were given a $0.45 dividend. The ex-dividend date was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.7%. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.
Analyst Ratings Changes
Several research analysts have commented on VICI shares. Wells Fargo & Company dropped their price objective on shares of VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Royal Bank Of Canada initiated coverage on VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 target price on the stock. Morgan Stanley decreased their target price on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research note on Wednesday, June 24th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price target on VICI Properties in a report on Monday, May 4th. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.77.
View Our Latest Stock Analysis on VICI Properties
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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