Dumont & Blake Investment Advisors LLC Sells 25,767 Shares of VICI Properties Inc. (NYSE:VICI)

Dumont & Blake Investment Advisors LLC reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 49.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 26,727 shares of the company’s stock after selling 25,767 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in VICI Properties were worth $890,000 at the end of the most recent quarter.

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

VICI Properties Stock Down 0.2 %

VICI traded down $0.08 on Friday, hitting $32.73. The company had a trading volume of 107,558 shares, compared to its average volume of 5,711,600. The stock has a market capitalization of $34.14 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 5.15 and a beta of 0.93. The stock has a fifty day moving average price of $32.99 and a 200-day moving average price of $30.51. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $34.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.29%. VICI Properties’s dividend payout ratio is presently 68.38%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 target price (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Evercore ISI upped their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $34.00.

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.