Citigroup Inc. Boosts Stock Position in VICI Properties Inc. $VICI

Citigroup Inc. increased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 117.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,136,663 shares of the company’s stock after buying an additional 1,691,653 shares during the period. Citigroup Inc. owned about 0.29% of VICI Properties worth $102,287,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Dynamic Advisor Solutions LLC raised its position in VICI Properties by 3.3% during the third quarter. Dynamic Advisor Solutions LLC now owns 10,404 shares of the company’s stock worth $339,000 after acquiring an additional 337 shares during the period. Heritage Wealth Advisors raised its position in shares of VICI Properties by 18.9% during the 2nd quarter. Heritage Wealth Advisors now owns 2,200 shares of the company’s stock worth $72,000 after purchasing an additional 350 shares during the last quarter. Bell Investment Advisors Inc lifted its stake in VICI Properties by 32.7% in the 2nd quarter. Bell Investment Advisors Inc now owns 1,424 shares of the company’s stock valued at $46,000 after buying an additional 351 shares in the last quarter. Armstrong Advisory Group Inc. lifted its stake in VICI Properties by 4.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 8,462 shares of the company’s stock valued at $276,000 after buying an additional 370 shares in the last quarter. Finally, World Investment Advisors boosted its holdings in VICI Properties by 3.6% in the 3rd quarter. World Investment Advisors now owns 11,353 shares of the company’s stock worth $370,000 after buying an additional 397 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI opened at $30.09 on Monday. The company has a market cap of $32.16 billion, a P/E ratio of 11.48, a PEG ratio of 2.99 and a beta of 0.70. VICI Properties Inc. has a fifty-two week low of $27.48 and a fifty-two week high of $34.03. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 0.60. The firm’s 50 day moving average price is $28.46 and its 200 day moving average price is $30.27.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Wednesday, December 17th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 6.0%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 68.70%.

Analysts Set New Price Targets

Several brokerages have issued reports on VICI. Stifel Nicolaus dropped their target price on VICI Properties from $35.00 to $34.00 and set a “buy” rating for the company in a report on Friday, October 31st. Mizuho dropped their price objective on shares of VICI Properties from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 17th. Scotiabank downgraded shares of VICI Properties from a “sector outperform” rating to a “sector perform” rating and reduced their target price for the stock from $36.00 to $30.00 in a research note on Friday, January 30th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $32.00 target price (down from $36.00) on shares of VICI Properties in a report on Tuesday, November 18th. Finally, Evercore restated an “in-line” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a report on Monday, December 1st. Nine analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $33.85.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.