Vanderbilt University Sells 15,453 Shares of VICI Properties Inc. (NYSE:VICI)

Vanderbilt University cut its holdings in VICI Properties Inc. (NYSE:VICI) by 14.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,783 shares of the company’s stock after selling 15,453 shares during the quarter. Vanderbilt University’s holdings in VICI Properties were worth $2,769,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC boosted its position in shares of VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after buying an additional 374 shares during the last quarter. UMB Bank n.a. grew its position in VICI Properties by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after purchasing an additional 512 shares during the period. Brown Brothers Harriman & Co. raised its stake in VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after buying an additional 1,630 shares during the last quarter. Harbor Capital Advisors Inc. bought a new position in shares of VICI Properties during the 3rd quarter valued at $67,000. Finally, Livforsakringsbolaget Skandia Omsesidigt boosted its stake in shares of VICI Properties by 340.0% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company’s stock worth $74,000 after buying an additional 1,700 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Mizuho dropped their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research report on Monday, January 27th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Barclays lowered their target price on VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average target price of $34.22.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $29.94 on Thursday. The company has a market capitalization of $31.56 billion, a price-to-earnings ratio of 11.09, a PEG ratio of 3.80 and a beta of 0.95. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock’s 50-day simple moving average is $29.93 and its 200-day simple moving average is $31.48. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.78%. VICI Properties’s payout ratio is 64.07%.

About VICI Properties

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.