AIA Group Ltd Sells 27,011 Shares of VICI Properties Inc. (NYSE:VICI)

AIA Group Ltd decreased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 13.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 179,407 shares of the company’s stock after selling 27,011 shares during the quarter. AIA Group Ltd’s holdings in VICI Properties were worth $5,976,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP lifted its stake 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 acquiring an additional 999 shares during the last quarter. UMB Bank n.a. lifted 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 valued at $39,000 after purchasing an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. grew its holdings in VICI Properties by 363.2% during the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after purchasing an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in VICI Properties during the second quarter worth approximately $43,000. Finally, Rothschild Investment LLC bought a new stake in VICI Properties in the second quarter valued at approximately $47,000. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. JMP Securities raised their price target on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Evercore ISI raised their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $34.11.

VICI Properties Stock Performance

Shares of NYSE:VICI opened at $30.92 on Friday. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The company’s 50 day moving average price is $32.84 and its two-hundred day moving average price is $30.77. The firm has a market cap of $32.59 billion, a PE ratio of 11.45, a PEG ratio of 4.75 and a beta of 0.94. 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 Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.60%. The ex-dividend date of this dividend was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is 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.