Shell Asset Management Co. Has $1.61 Million Holdings in VICI Properties Inc. (NYSE:VICI)

Shell Asset Management Co. lowered its stake in VICI Properties Inc. (NYSE:VICI) by 38.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 54,122 shares of the company’s stock after selling 33,542 shares during the quarter. Shell Asset Management Co.’s holdings in VICI Properties were worth $1,612,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in VICI Properties by 4.6% during the first quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock worth $4,577,974,000 after buying an additional 6,755,553 shares during the last quarter. Capital International Investors boosted its stake in VICI Properties by 17.4% in the 4th quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock valued at $2,004,648,000 after purchasing an additional 9,317,582 shares during the period. Cohen & Steers Inc. grew its stake in shares of VICI Properties by 132.0% in the fourth quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock valued at $1,108,993,000 after acquiring an additional 19,788,229 shares in the last quarter. Norges Bank acquired a new position in shares of VICI Properties during the 4th quarter worth approximately $460,431,000. Finally, Dimensional Fund Advisors LP grew its position in VICI Properties by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,294,012 shares of the company’s stock worth $455,700,000 after buying an additional 84,662 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Up 1.4 %

VICI traded up $0.42 during midday trading on Friday, hitting $30.90. The company had a trading volume of 1,112,088 shares, compared to its average volume of 6,235,775. The stock’s 50 day moving average price is $28.79 and its 200 day moving average price is $29.26. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $33.40. The company has a market capitalization of $32.23 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.67 and a beta of 0.92.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Shareholders of record on Tuesday, June 18th were issued a $0.415 dividend. The ex-dividend date of this dividend was Tuesday, June 18th. This represents a $1.66 annualized dividend and a yield of 5.37%. VICI Properties’s payout ratio is currently 65.61%.

Analysts Set New Price Targets

Several analysts recently weighed in on VICI shares. Scotiabank upped their price objective on VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Mizuho raised their price objective on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.44.

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.