ArrowMark Colorado Holdings LLC Trims Stake in VICI Properties Inc. (NYSE:VICI)

ArrowMark Colorado Holdings LLC cut its position in VICI Properties Inc. (NYSE:VICI) by 8.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 571,000 shares of the company’s stock after selling 52,000 shares during the quarter. ArrowMark Colorado Holdings LLC owned approximately 0.05% of VICI Properties worth $19,020,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. 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 purchasing 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 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 acquiring an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in VICI Properties during the 2nd quarter worth approximately $43,000. Finally, Rothschild Investment LLC purchased a new position in shares of VICI Properties in the 2nd quarter valued at approximately $47,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of analyst reports. Evercore ISI lifted 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. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. JMP Securities raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research report on Friday, November 1st. Finally, Mizuho lowered their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.22.

VICI Properties Stock Up 0.0 %

VICI Properties stock opened at $32.61 on Monday. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The firm has a market capitalization of $34.38 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 4.32 and a beta of 0.94. The stock’s fifty day moving average is $32.34 and its two-hundred day moving average is $31.12. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.31%. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is presently 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.