BI Asset Management Fondsmaeglerselskab A S Sells 571,151 Shares of VICI Properties Inc. $VICI

BI Asset Management Fondsmaeglerselskab A S trimmed its position in VICI Properties Inc. (NYSE:VICI) by 64.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 318,159 shares of the company’s stock after selling 571,151 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in VICI Properties were worth $10,375,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC increased its stake in shares of VICI Properties by 204.4% in the first quarter. NewEdge Advisors LLC now owns 37,580 shares of the company’s stock valued at $1,226,000 after buying an additional 25,234 shares during the period. Woodline Partners LP grew its holdings in VICI Properties by 41.3% during the 1st quarter. Woodline Partners LP now owns 89,062 shares of the company’s stock worth $2,905,000 after acquiring an additional 26,017 shares during the last quarter. DAVENPORT & Co LLC increased its position in VICI Properties by 6.0% in the 2nd quarter. DAVENPORT & Co LLC now owns 11,290 shares of the company’s stock valued at $368,000 after acquiring an additional 644 shares during the period. Maryland State Retirement & Pension System raised its stake in shares of VICI Properties by 5.3% during the second quarter. Maryland State Retirement & Pension System now owns 51,330 shares of the company’s stock valued at $1,673,000 after acquiring an additional 2,599 shares during the last quarter. Finally, Columbus Macro LLC lifted its holdings in shares of VICI Properties by 12.1% during the second quarter. Columbus Macro LLC now owns 139,023 shares of the company’s stock worth $4,532,000 after purchasing an additional 15,040 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Down 0.4%

Shares of VICI Properties stock opened at $28.75 on Friday. The stock’s 50-day moving average is $28.19 and its 200 day moving average is $30.59. VICI Properties Inc. has a one year low of $27.48 and a one year high of $34.03. The firm has a market cap of $30.72 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 2.87 and a beta of 0.70. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were paid a $0.45 dividend. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 annualized dividend and a dividend yield of 6.3%. VICI Properties’s payout ratio is currently 68.70%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Mizuho decreased their price objective on VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Barclays reduced their price target on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a research report on Wednesday, December 3rd. Evercore ISI reissued an “in-line” rating and issued a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research note on Monday, December 1st. The Goldman Sachs Group cut their price objective on VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a research note on Friday, November 28th. Finally, Wells Fargo & Company reissued an “equal weight” rating and set a $32.00 target price (down previously from $36.00) on shares of VICI Properties in a research report on Tuesday, November 18th. Nine research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $33.85.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.