Y Intercept Hong Kong Ltd Trims Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Y Intercept Hong Kong Ltd lessened its stake in shares of VICI Properties Inc. (NYSE:VICI) by 83.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,865 shares of the company’s stock after selling 67,851 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in VICI Properties were worth $462,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quarry LP raised its holdings in shares of VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after buying an additional 999 shares during the period. UMB Bank n.a. increased its stake in VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after purchasing an additional 982 shares during the period. Carmichael Hill & Associates Inc. lifted its position in shares of VICI Properties by 363.2% during the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after purchasing an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of VICI Properties in the second quarter valued at approximately $43,000. Finally, Rothschild Investment LLC acquired a new position in shares of VICI Properties in the second quarter valued at approximately $47,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Up 0.1 %

Shares of NYSE VICI opened at $31.13 on Monday. The business has a 50-day moving average of $32.06 and a two-hundred day moving average of $31.29. The company has a market capitalization of $32.82 billion, a price-to-earnings ratio of 11.53, a price-to-earnings-growth ratio of 4.12 and a beta of 0.93. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.56%. The ex-dividend date is Tuesday, December 17th. VICI Properties’s payout ratio is 64.07%.

Wall Street Analyst Weigh In

VICI has been the topic of a number of research reports. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 target price (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Mizuho decreased their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday, November 14th. JMP Securities reissued a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Wednesday, December 11th. Finally, Evercore ISI increased their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.67.

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.