Amalgamated Bank Has $6.02 Million Stake in VICI Properties Inc. (NYSE:VICI)

Amalgamated Bank decreased its holdings in VICI Properties Inc. (NYSE:VICI) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 210,183 shares of the company’s stock after selling 5,158 shares during the quarter. Amalgamated Bank’s holdings in VICI Properties were worth $6,020,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of VICI. Vanguard Group Inc. lifted its position in VICI Properties by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock worth $4,577,974,000 after buying an additional 6,755,553 shares in the last quarter. Capital International Investors raised its stake in shares of VICI Properties by 7.5% in the first quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock worth $2,013,804,000 after acquiring an additional 4,728,903 shares during the last quarter. Capital Research Global Investors lifted its position in shares of 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 purchasing an additional 3,001,793 shares in the last quarter. Cohen & Steers Inc. increased its holdings in shares of VICI Properties by 132.0% in the fourth quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock valued at $1,108,993,000 after purchasing an additional 19,788,229 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in VICI Properties by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock worth $419,073,000 after purchasing an additional 201,899 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

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

VICI Properties Stock Up 0.8 %

Shares of VICI Properties stock opened at $33.07 on Friday. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $34.29. The business has a fifty day simple moving average of $32.13 and a 200 day simple moving average of $29.91. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The stock has a market cap of $34.63 billion, a PE ratio of 13.07, a price-to-earnings-growth ratio of 5.35 and a beta of 0.94.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th will be paid a $0.4325 dividend. The ex-dividend date is Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.23%. VICI Properties’s dividend payout ratio is 65.61%.

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.