Cadence Bank Has $508,000 Holdings in VICI Properties Inc. (NYSE:VICI)

Cadence Bank trimmed its holdings in VICI Properties Inc. (NYSE:VICI) by 15.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,238 shares of the company’s stock after selling 2,771 shares during the period. Cadence Bank’s holdings in VICI Properties were worth $508,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in VICI. Boston Partners raised its stake in VICI Properties by 35.8% in the first quarter. Boston Partners now owns 8,631,164 shares of the company’s stock valued at $257,094,000 after purchasing an additional 2,275,381 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in VICI Properties by 367.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock valued at $73,927,000 after buying an additional 1,744,939 shares during the period. Canada Pension Plan Investment Board raised its position in shares of VICI Properties by 101.4% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,453,547 shares of the company’s stock valued at $98,910,000 after buying an additional 1,739,147 shares in the last quarter. Hsbc Holdings PLC lifted its holdings in shares of VICI Properties by 35.5% during the 2nd quarter. Hsbc Holdings PLC now owns 4,520,598 shares of the company’s stock worth $129,321,000 after acquiring an additional 1,185,463 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after acquiring an additional 770,195 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. JMP Securities upped their target price on VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Wells Fargo & Company restated an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Mizuho decreased their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, November 14th. Finally, Evercore ISI increased their target price on shares of 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 seven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.22.

VICI Properties Stock Performance

NYSE:VICI opened at $32.60 on Thursday. The stock’s 50-day moving average is $32.36 and its 200-day moving average is $31.07. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market cap of $34.37 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 4.31 and a beta of 0.94.

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 issued a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.31%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s payout ratio is presently 64.07%.

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.