Black Swift Group LLC Has $2.82 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

Black Swift Group LLC cut its stake in VICI Properties Inc. (NYSE:VICI) by 3.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 84,725 shares of the company’s stock after selling 2,838 shares during the quarter. Black Swift Group LLC’s holdings in VICI Properties were worth $2,822,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP boosted its position in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after buying an additional 999 shares in the last quarter. UMB Bank n.a. grew its position in VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after acquiring an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. grew its position in VICI Properties by 363.2% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $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 valued at $43,000. Finally, Rothschild Investment LLC bought a new position in VICI Properties in the 2nd quarter valued at $47,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI stock opened at $31.15 on Thursday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The business’s fifty day moving average is $32.67 and its 200-day moving average is $30.86. The company has a market cap of $32.84 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 4.14 and a beta of 0.94.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were issued 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 5.55%. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on VICI shares. JMP Securities upped 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. Mizuho decreased their price target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday. Evercore ISI boosted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.22.

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.