Allworth Financial LP Sells 1,339 Shares of VICI Properties Inc. (NYSE:VICI)

Allworth Financial LP cut its position in shares of VICI Properties Inc. (NYSE:VICI) by 25.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 3,860 shares of the company’s stock after selling 1,339 shares during the period. Allworth Financial LP’s holdings in VICI Properties were worth $129,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of VICI. Quarry LP grew its position in VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after acquiring an additional 999 shares during the last quarter. UMB Bank n.a. grew its position in VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after acquiring an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. grew its position in VICI Properties by 363.2% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after acquiring an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VICI Properties in the 2nd quarter worth approximately $43,000. Finally, Rothschild Investment LLC bought a new stake in shares of VICI Properties in the 2nd quarter worth approximately $47,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Trading Down 2.0 %

VICI opened at $31.76 on Friday. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The business has a 50 day moving average of $33.02 and a 200-day moving average of $30.62. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The stock has a market cap of $33.13 billion, a PE ratio of 12.55, a PEG ratio of 5.04 and a beta of 0.93.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.45%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is presently 68.38%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Evercore ISI lifted their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $34.00.

VICI Properties 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.