VICI Properties Inc. (NYSE:VICI) Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 50,349 shares of the company’s stock after selling 787 shares during the period. Nordea Investment Management AB’s holdings in VICI Properties were worth $1,467,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP increased its position in VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares in the last quarter. Continuum Advisory LLC increased its position in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares in the last quarter. UMB Bank n.a. grew its position in VICI Properties by 37.4% in the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock valued at $63,000 after acquiring an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in VICI Properties by 512.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after acquiring an additional 1,630 shares in the last quarter. Finally, Harbor Capital Advisors Inc. acquired a new stake in VICI Properties in the third quarter valued at approximately $67,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI Properties stock opened at $28.23 on Monday. The stock has a 50 day moving average of $30.72 and a 200-day moving average of $31.41. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The stock has a market cap of $29.76 billion, a P/E ratio of 10.46, a price-to-earnings-growth ratio of 4.12 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 6.13%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Mizuho lowered their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Evercore ISI increased 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. Barclays assumed coverage on shares of VICI Properties in a research report on Friday. They issued an “overweight” rating and a $36.00 price objective for the company. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.25.

VICI Properties Company 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.