International Assets Investment Management LLC Cuts Stock Position in VICI Properties Inc. (NYSE:VICI)

International Assets Investment Management LLC lessened its holdings in VICI Properties Inc. (NYSE:VICI) by 97.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,230 shares of the company’s stock after selling 240,197 shares during the period. International Assets Investment Management LLC’s holdings in VICI Properties were worth $210,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Pensionfund Sabic increased its stake in VICI Properties by 9.2% in the 4th quarter. Pensionfund Sabic now owns 154,000 shares of the company’s stock worth $4,498,000 after buying an additional 13,000 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of VICI Properties during the fourth quarter valued at about $2,261,000. GAMMA Investing LLC grew its position in shares of VICI Properties by 18.4% during the fourth quarter. GAMMA Investing LLC now owns 13,984 shares of the company’s stock valued at $408,000 after purchasing an additional 2,172 shares in the last quarter. Synovus Financial Corp grew its position in shares of VICI Properties by 53.6% during the third quarter. Synovus Financial Corp now owns 22,198 shares of the company’s stock valued at $739,000 after purchasing an additional 7,742 shares in the last quarter. Finally, Tidal Investments LLC grew its position in shares of VICI Properties by 11.9% during the third quarter. Tidal Investments LLC now owns 52,678 shares of the company’s stock valued at $1,755,000 after purchasing an additional 5,620 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 1.9 %

Shares of NYSE VICI opened at $28.76 on Tuesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market cap of $30.32 billion, a P/E ratio of 10.65, a PEG ratio of 4.12 and a beta of 0.94. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The firm has a 50-day simple moving average of $30.72 and a two-hundred day simple moving average of $31.41.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 6.02%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is currently 64.07%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI raised their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Mizuho cut their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $34.25.

About VICI Properties

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.