VICI Properties Inc. (NYSE:VICI) Stock Holdings Lessened by Citigroup Inc.

Citigroup Inc. cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 26.5% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 960,884 shares of the company’s stock after selling 347,277 shares during the period. Citigroup Inc. owned about 0.09% of VICI Properties worth $32,007,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after buying an additional 770,195 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in VICI Properties by 8.8% in the third quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock valued at $19,781,000 after acquiring an additional 47,953 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in VICI Properties in the second quarter valued at approximately $557,000. Los Angeles Capital Management LLC grew its position in VICI Properties by 367.8% in the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after acquiring an additional 1,744,939 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of VICI Properties by 0.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,209,783 shares of the company’s stock worth $206,848,000 after purchasing an additional 26,990 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI opened at $32.53 on Tuesday. 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 stock’s 50 day moving average price is $32.42 and its two-hundred day moving average price is $31.02. The firm has a market capitalization of $34.29 billion, a P/E ratio of 12.05, a price-to-earnings-growth ratio of 4.27 and a beta of 0.94. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.32%. The ex-dividend date was Wednesday, September 18th. VICI Properties’s dividend payout ratio is presently 64.07%.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of recent research reports. JMP Securities upped their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Mizuho decreased their price target on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Finally, Evercore ISI upped their target price 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 seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.