Vanderbilt University Cuts Holdings in VICI Properties Inc. (NYSE:VICI)

Vanderbilt University reduced its position in VICI Properties Inc. (NYSE:VICI) by 14.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 94,783 shares of the company’s stock after selling 15,453 shares during the period. Vanderbilt University’s holdings in VICI Properties were worth $2,769,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Continuum Advisory LLC increased its holdings in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares during the last quarter. UMB Bank n.a. grew its position in VICI Properties by 37.4% in the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after acquiring an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in VICI Properties by 512.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares in the last quarter. Harbor Capital Advisors Inc. bought a new stake in VICI Properties during the third quarter worth approximately $67,000. Finally, Livforsakringsbolaget Skandia Omsesidigt raised its position in VICI Properties by 340.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company’s stock valued at $74,000 after purchasing an additional 1,700 shares during the period. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $29.94 on Thursday. The firm’s 50 day simple moving average is $29.93 and its 200-day simple moving average is $31.48. 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 Inc. has a one year low of $27.08 and a one year high of $34.29. The firm has a market cap of $31.56 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 3.80 and a beta of 0.95.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on VICI. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Truist Financial cut their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Barclays lowered their target price on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Finally, Mizuho decreased their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.22.

VICI Properties Company 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.