VICI Properties Inc. (NYSE:VICI) Stock Holdings Trimmed by Cornercap Investment Counsel Inc.

Cornercap Investment Counsel Inc. reduced its position in VICI Properties Inc. (NYSE:VICI) by 26.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,108 shares of the company’s stock after selling 4,327 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in VICI Properties were worth $403,000 at the end of the most recent quarter.

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

VICI Properties Stock Up 1.2 %

NYSE VICI opened at $31.67 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The firm has a 50-day simple moving average of $32.58 and a 200 day simple moving average of $30.90. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The stock has a market cap of $33.39 billion, a PE ratio of 11.73, a PEG ratio of 4.20 and a beta of 0.94.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.46%. The ex-dividend date of this dividend was Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VICI. Evercore ISI upped their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. JMP Securities upped their price target on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Finally, Mizuho lowered their target price on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $34.22.

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.