VICI Properties Inc. (NYSE:VICI) Shares Sold by SMH Capital Advisors Inc.

SMH Capital Advisors Inc. trimmed its stake in VICI Properties Inc. (NYSE:VICI) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,275 shares of the company’s stock after selling 743 shares during the period. VICI Properties comprises about 2.8% of SMH Capital Advisors Inc.’s investment portfolio, making the stock its 6th largest position. SMH Capital Advisors Inc.’s holdings in VICI Properties were worth $909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently bought and sold shares of the stock. Quarry LP grew its position in VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after acquiring an additional 999 shares during the last quarter. UMB Bank n.a. increased its position in VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after acquiring an additional 982 shares in the last quarter. 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. bought a new stake in shares of VICI Properties during the second quarter valued at approximately $43,000. Finally, Rothschild Investment LLC acquired a new position in VICI Properties during the 2nd quarter worth $47,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on VICI shares. Mizuho lowered their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday, November 14th. JMP Securities lifted 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 report on Friday, November 1st. Evercore ISI upped their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, 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. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.22.

VICI Properties Stock Performance

VICI opened at $32.22 on Wednesday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market capitalization of $33.97 billion, a price-to-earnings ratio of 11.93, a P/E/G ratio of 4.20 and a beta of 0.94. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The business’s 50-day moving average price is $32.51 and its two-hundred day moving average price is $30.96.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.37%. The ex-dividend date was Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

VICI Properties 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.