Hartford Investment Management Co. Sells 923 Shares of VICI Properties Inc. (NYSE:VICI)

Hartford Investment Management Co. trimmed its holdings in VICI Properties Inc. (NYSE:VICI) by 1.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 64,633 shares of the company’s stock after selling 923 shares during the quarter. Hartford Investment Management Co.’s holdings in VICI Properties were worth $1,888,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in VICI. CHURCHILL MANAGEMENT Corp lifted its position in VICI Properties by 2.9% in the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after acquiring an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in shares of VICI Properties by 8.0% in the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after purchasing an additional 40,733 shares during the last quarter. Border to Coast Pensions Partnership Ltd raised its stake in shares of VICI Properties by 40.0% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after purchasing an additional 130,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of VICI Properties by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after purchasing an additional 770,195 shares in the last quarter. Finally, Brookstone Capital Management purchased a new position in shares of VICI Properties during the fourth quarter valued at approximately $359,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI opened at $30.45 on Friday. The company has a market capitalization of $32.10 billion, a price-to-earnings ratio of 11.28, a PEG ratio of 3.80 and a beta of 0.95. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a 50-day moving average price of $29.69 and a 200-day moving average price of $31.46. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.68%. VICI Properties’s payout ratio is 64.07%.

Analyst Ratings Changes

Several brokerages have weighed in on VICI. Truist Financial dropped their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Monday, January 27th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Mizuho decreased their price target 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. Finally, Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.22.

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.