Greenleaf Trust Lowers Holdings in VICI Properties Inc. (NYSE:VICI)

Greenleaf Trust trimmed its position in VICI Properties Inc. (NYSE:VICI) by 19.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,947 shares of the company’s stock after selling 1,875 shares during the period. Greenleaf Trust’s holdings in VICI Properties were worth $253,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Xponance Inc. boosted its position in shares of VICI Properties by 3.4% during the 4th quarter. Xponance Inc. now owns 203,920 shares of the company’s stock valued at $6,501,000 after acquiring an additional 6,645 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in VICI Properties by 50.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock valued at $261,558,000 after purchasing an additional 2,736,096 shares during the last quarter. Steph & Co. purchased a new position in VICI Properties in the 4th quarter worth approximately $133,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of VICI Properties by 38.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 688,291 shares of the company’s stock worth $21,943,000 after buying an additional 192,661 shares during the last quarter. Finally, SVB Wealth LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at $242,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at VICI Properties

In other news, Director James R. Abrahamson purchased 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were acquired at an average price of $28.85 per share, with a total value of $86,550.00. Following the acquisition, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by company insiders.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $28.43 on Thursday. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. VICI Properties Inc. has a one year low of $26.63 and a one year high of $34.05. The business’s 50 day simple moving average is $29.07 and its two-hundred day simple moving average is $29.62. The stock has a market capitalization of $29.66 billion, a P/E ratio of 11.46, a price-to-earnings-growth ratio of 6.42 and a beta of 0.90.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 5.84%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s payout ratio is 66.94%.

Analyst Ratings Changes

Several research analysts recently issued reports on VICI shares. Wells Fargo & Company cut their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Mizuho reduced their price objective on VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Finally, Morgan Stanley boosted their target price on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $34.36.

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.