DekaBank Deutsche Girozentrale Sells 91,174 Shares of VICI Properties Inc. (NYSE:VICI)

DekaBank Deutsche Girozentrale lessened its holdings in VICI Properties Inc. (NYSE:VICI) by 13.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 571,204 shares of the company’s stock after selling 91,174 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.05% of VICI Properties worth $16,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Envestnet Portfolio Solutions Inc. raised its position in VICI Properties by 19.2% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 37,333 shares of the company’s stock worth $1,190,000 after acquiring an additional 6,005 shares during the period. Avantax Advisory Services Inc. lifted its stake in VICI Properties by 6.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 8,366 shares of the company’s stock valued at $267,000 after purchasing an additional 489 shares during the last quarter. Kentucky Retirement Systems grew its holdings in VICI Properties by 2.6% during the fourth quarter. Kentucky Retirement Systems now owns 82,774 shares of the company’s stock valued at $2,639,000 after purchasing an additional 2,129 shares during the period. Kentucky Retirement Systems Insurance Trust Fund increased its position in VICI Properties by 2.4% in the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 36,856 shares of the company’s stock worth $1,175,000 after buying an additional 850 shares during the last quarter. Finally, ING Groep NV raised its stake in shares of VICI Properties by 11,425.3% in the fourth quarter. ING Groep NV now owns 141,416 shares of the company’s stock valued at $4,508,000 after buying an additional 140,189 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Evercore ISI lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Morgan Stanley restated an “equal weight” rating and set a $33.00 price target on shares of VICI Properties in a research note on Friday, June 21st. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $33.44.

VICI Properties Stock Performance

NYSE VICI opened at $33.96 on Monday. The company’s 50 day simple moving average is $31.64 and its two-hundred day simple moving average is $29.79. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.17. The stock has a market capitalization of $35.56 billion, a PE ratio of 13.42, a P/E/G ratio of 5.28 and a beta of 0.94.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 5.09%. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, September 18th. VICI Properties’s payout ratio is presently 65.61%.

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.