VICI Properties Inc. (NYSE:VICI) Shares Sold by Heitman Real Estate Securities LLC

Heitman Real Estate Securities LLC trimmed its position in VICI Properties Inc. (NYSE:VICI) by 1.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 765,000 shares of the company’s stock after selling 7,910 shares during the period. VICI Properties accounts for approximately 1.4% of Heitman Real Estate Securities LLC’s investment portfolio, making the stock its 28th biggest holding. Heitman Real Estate Securities LLC owned about 0.07% of VICI Properties worth $25,482,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its stake in shares of VICI Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock worth $419,073,000 after purchasing an additional 201,899 shares during the last quarter. Legal & General Group Plc increased its stake in shares of VICI Properties by 1.8% in the second quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock worth $413,163,000 after acquiring an additional 251,313 shares during the period. Daiwa Securities Group Inc. raised its holdings in shares of VICI Properties by 6.6% during the second quarter. Daiwa Securities Group Inc. now owns 12,064,575 shares of the company’s stock worth $345,530,000 after purchasing an additional 751,078 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in VICI Properties by 7.0% during 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 during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of VICI Properties by 599.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after buying an additional 7,658,819 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 target price (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Mizuho lowered their price target on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, November 14th. JMP Securities upped their target price on VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Finally, Evercore ISI lifted their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.22.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $32.21 on Tuesday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The business’s 50 day moving average price is $32.31 and its 200 day moving average price is $31.13. The company has a market cap of $33.95 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 4.32 and a beta of 0.93. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29.

VICI Properties Increases Dividend

The firm 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 was Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a yield of 5.37%. VICI Properties’s dividend payout ratio is currently 64.07%.

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.