Rhumbline Advisers Trims Stake in VICI Properties Inc. $VICI

Rhumbline Advisers lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,046,768 shares of the company’s stock after selling 40,726 shares during the quarter. Rhumbline Advisers owned about 0.19% of VICI Properties worth $66,745,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. State of Wyoming acquired a new stake in shares of VICI Properties during the second quarter valued at $26,000. Parvin Asset Management LLC acquired a new stake in shares of VICI Properties during the 2nd quarter worth about $27,000. Headlands Technologies LLC purchased a new stake in shares of VICI Properties during the second quarter worth about $28,000. Hantz Financial Services Inc. raised its position in shares of VICI Properties by 489.2% in the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after buying an additional 724 shares during the last quarter. Finally, Godsey & Gibb Inc. purchased a new position in shares of VICI Properties during the third quarter valued at approximately $29,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

VICI has been the subject of several recent analyst reports. Wells Fargo & Company reaffirmed an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a research note on Tuesday, November 18th. Barclays decreased their price objective on VICI Properties from $37.00 to $33.00 and set an “overweight” rating on the stock in a report on Wednesday, December 3rd. The Goldman Sachs Group dropped their target price on VICI Properties from $38.00 to $34.00 and set a “buy” rating for the company in a research note on Friday, November 28th. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research note on Monday, December 29th. Finally, Mizuho lowered their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Nine analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $33.85.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $29.06 on Friday. The business’s fifty day moving average price is $28.25 and its 200 day moving average price is $30.45. VICI Properties Inc. has a twelve month low of $27.48 and a twelve month high of $34.03. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $31.06 billion, a P/E ratio of 11.09, a PEG ratio of 2.90 and a beta of 0.70.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were issued a dividend of $0.45 per share. The ex-dividend date was Wednesday, December 17th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.2%. VICI Properties’s payout ratio is presently 68.70%.

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.