Mutual of America Capital Management LLC Trims Holdings in VICI Properties Inc. (NYSE:VICI)

Mutual of America Capital Management LLC decreased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 3.0% during the second quarter, HoldingsChannel.com reports. The firm owned 131,400 shares of the company’s stock after selling 4,092 shares during the period. Mutual of America Capital Management LLC’s holdings in VICI Properties were worth $3,763,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in shares of VICI Properties by 4.6% in the first quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock worth $4,577,974,000 after purchasing an additional 6,755,553 shares during the period. Capital International Investors boosted its stake in VICI Properties by 7.5% during the first quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock valued at $2,013,804,000 after buying an additional 4,728,903 shares during the period. Capital Research Global Investors grew its position in VICI Properties by 8.7% during the first quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock worth $1,117,978,000 after buying an additional 3,001,793 shares in the last quarter. Cohen & Steers Inc. increased its stake in VICI Properties by 132.0% in the 4th quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock worth $1,108,993,000 after acquiring an additional 19,788,229 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of VICI Properties by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after acquiring an additional 201,899 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the subject of several recent analyst reports. Evercore ISI boosted their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Morgan Stanley reiterated an “equal weight” rating and set a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.56.

VICI Properties Trading Up 0.8 %

Shares of VICI opened at $33.07 on Monday. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.29. The firm has a market cap of $34.50 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 5.35 and a beta of 0.94. The firm has a 50 day moving average price of $32.13 and a 200-day moving average price of $29.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.23%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, September 18th. VICI Properties’s dividend payout ratio is presently 68.38%.

VICI Properties Profile

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.