ProShare Advisors LLC Sells 44,694 Shares of VICI Properties Inc. (NYSE:VICI)

ProShare Advisors LLC trimmed its position in shares of VICI Properties Inc. (NYSE:VICI) by 18.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 193,674 shares of the company’s stock after selling 44,694 shares during the period. ProShare Advisors LLC’s holdings in VICI Properties were worth $6,318,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of VICI. RB Capital Management LLC grew its stake in VICI Properties by 19.5% during the first quarter. RB Capital Management LLC now owns 20,921 shares of the company’s stock valued at $595,000 after acquiring an additional 3,415 shares in the last quarter. Private Advisor Group LLC purchased a new position in shares of VICI Properties in the 1st quarter worth $357,000. MetLife Investment Management LLC purchased a new position in shares of VICI Properties in the 1st quarter worth $358,000. Great West Life Assurance Co. Can grew its stake in shares of VICI Properties by 0.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 144,291 shares of the company’s stock worth $4,334,000 after buying an additional 485 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of VICI Properties by 11.9% in the 1st quarter. Yousif Capital Management LLC now owns 36,900 shares of the company’s stock worth $1,050,000 after buying an additional 3,938 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on VICI shares. Morgan Stanley reissued an “equal weight” rating and issued a $32.00 price objective on shares of VICI Properties in a research note on Tuesday, August 1st. JMP Securities reissued a “market outperform” rating and issued a $38.00 price objective on shares of VICI Properties in a research note on Friday. Deutsche Bank Aktiengesellschaft cut shares of VICI Properties from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $39.00 to $34.00 in a research note on Wednesday, July 5th. Finally, BNP Paribas began coverage on shares of VICI Properties in a research note on Wednesday, June 14th. They set an “outperform” rating and a $41.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $36.20.

VICI Properties Trading Down 0.4 %

Shares of VICI opened at $31.38 on Monday. VICI Properties Inc. has a 1-year low of $29.29 and a 1-year high of $35.07. The company has a 50-day moving average of $31.23 and a 200 day moving average of $31.76. The firm has a market capitalization of $31.80 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 2.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.23 and a quick ratio of 4.23.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Thursday, September 21st will be issued a dividend of $0.415 per share. This is a positive change from VICI Properties’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, September 20th. This represents a $1.66 dividend on an annualized basis and a yield of 5.29%. VICI Properties’s dividend payout ratio (DPR) is presently 71.56%.

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.