VICI Properties Inc. (NYSE:VICI) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its position in shares of VICI Properties Inc. (NYSE:VICI) by 29.4% in the third quarter, Holdings Channel reports. The institutional investor owned 15,787 shares of the company’s stock after selling 6,587 shares during the period. Intech Investment Management LLC’s holdings in VICI Properties were worth $526,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in VICI. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in VICI Properties by 2.8% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 511,285 shares of the company’s stock worth $17,031,000 after purchasing an additional 14,148 shares in the last quarter. Commerce Bank raised its stake in shares of VICI Properties by 12.7% during the 3rd quarter. Commerce Bank now owns 14,232 shares of the company’s stock worth $474,000 after buying an additional 1,608 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of VICI Properties by 10.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 94,328 shares of the company’s stock worth $3,142,000 after buying an additional 8,748 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in shares of VICI Properties in the 3rd quarter valued at approximately $761,000. Finally, Banque Cantonale Vaudoise boosted its stake in shares of VICI Properties by 169.2% in the third quarter. Banque Cantonale Vaudoise now owns 28,960 shares of the company’s stock valued at $965,000 after buying an additional 18,201 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI opened at $32.61 on Monday. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The stock has a market cap of $34.38 billion, a P/E ratio of 12.08, a PEG ratio of 4.32 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a 50-day moving average of $32.34 and a two-hundred day moving average of $31.12.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.31%. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s payout ratio is currently 64.07%.

Analysts Set New Price Targets

A number of research firms have commented on VICI. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. JMP Securities increased their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Mizuho decreased their price objective on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, November 14th. Finally, Evercore ISI increased their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.22.

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.