Liberty Mutual Group Asset Management Inc. Sells 10,156 Shares of VICI Properties Inc. (NYSE:VICI)

Liberty Mutual Group Asset Management Inc. cut its holdings in VICI Properties Inc. (NYSE:VICI) by 4.9% during the second quarter, Holdings Channel.com reports. The fund owned 198,020 shares of the company’s stock after selling 10,156 shares during the period. VICI Properties comprises about 0.8% of Liberty Mutual Group Asset Management Inc.’s holdings, making the stock its 13th largest holding. Liberty Mutual Group Asset Management Inc.’s holdings in VICI Properties were worth $5,671,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in VICI. Montag A & Associates Inc. lifted its holdings in shares of VICI Properties by 3.3% in the second quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock valued at $357,000 after purchasing an additional 389 shares in the last quarter. Bard Associates Inc. boosted its holdings in VICI Properties by 0.5% during the fourth quarter. Bard Associates Inc. now owns 79,612 shares of the company’s stock worth $2,570,000 after purchasing an additional 395 shares during the last quarter. MAS Advisors LLC grew its position in VICI Properties by 2.8% in the second quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock valued at $422,000 after purchasing an additional 398 shares in the last quarter. Courier Capital LLC increased its stake in VICI Properties by 2.0% in the 1st quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock valued at $627,000 after buying an additional 417 shares during the last quarter. Finally, Oppenheimer & Co. Inc. lifted its position in VICI Properties by 0.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 52,494 shares of the company’s stock worth $1,674,000 after buying an additional 448 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Down 0.5 %

VICI opened at $32.89 on Friday. The stock’s fifty day simple moving average is $32.34 and its 200 day simple moving average is $30.03. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.29. The stock has a market cap of $34.31 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 5.20 and a beta of 0.94. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th will be paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date of this dividend is Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is currently 68.38%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Evercore ISI lifted their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $33.00 price target on shares of VICI Properties in a research report on Friday, June 21st. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $33.56.

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.