Central Pacific Bank Trust Division Reduces Holdings in VICI Properties Inc. (NYSE:VICI)

Central Pacific Bank Trust Division decreased its holdings in VICI Properties Inc. (NYSE:VICI) by 91.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,500 shares of the company’s stock after selling 15,785 shares during the quarter. Central Pacific Bank Trust Division’s holdings in VICI Properties were worth $50,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Montag A & Associates Inc. lifted its holdings in VICI Properties by 3.3% during 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. MAS Advisors LLC raised its position in shares of VICI Properties by 2.8% during the second quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock valued at $422,000 after buying an additional 398 shares during the last quarter. Courier Capital LLC raised its position in shares of VICI Properties by 2.0% during the first 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. Massmutual Trust Co. FSB ADV raised its position in shares of VICI Properties by 23.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock valued at $78,000 after buying an additional 442 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of VICI Properties by 0.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 52,494 shares of the company’s stock valued at $1,674,000 after buying an additional 448 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 0.5 %

VICI stock traded down $0.15 during mid-day trading on Friday, reaching $32.42. 3,421,743 shares of the stock traded hands, compared to its average volume of 5,904,170. 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 Inc. has a one year low of $26.63 and a one year high of $34.29. The stock has a market capitalization of $33.82 billion, a PE ratio of 12.81, a PEG ratio of 5.15 and a beta of 0.93. The business has a 50-day moving average price of $32.62 and a two-hundred day moving average price of $30.18.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.34%. VICI Properties’s payout ratio is 68.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Evercore ISI lifted their price objective on shares of 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 restated an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a research report on Friday, June 21st. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average price target of $34.00.

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.