AIA Group Ltd Has $5.98 Million Stake in VICI Properties Inc. (NYSE:VICI)

AIA Group Ltd cut its position in VICI Properties Inc. (NYSE:VICI) by 13.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 179,407 shares of the company’s stock after selling 27,011 shares during the quarter. AIA Group Ltd’s holdings in VICI Properties were worth $5,976,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Advisor Resource Council acquired a new position in shares of VICI Properties during the 3rd quarter worth $218,000. Graypoint LLC acquired a new position in VICI Properties during the third quarter worth about $208,000. Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of VICI Properties in the third quarter worth about $540,000. M&G PLC acquired a new stake in shares of VICI Properties in the 3rd quarter valued at approximately $383,000. Finally, Global Wealth Management Investment Advisory Inc. grew its holdings in shares of VICI Properties by 10.6% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 18,089 shares of the company’s stock valued at $603,000 after purchasing an additional 1,736 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE VICI opened at $30.92 on Friday. The company has a market capitalization of $32.59 billion, a PE ratio of 11.45, a P/E/G ratio of 4.75 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The firm has a fifty day simple moving average of $32.84 and a 200 day simple moving average of $30.77.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were given a $0.4325 dividend. The ex-dividend date was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.60%. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Analyst Ratings Changes

Several brokerages recently commented on VICI. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. JMP Securities increased their price target on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Finally, Evercore ISI boosted 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 research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $34.11.

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.