VICI Properties Inc. (NYSE:VICI) Shares Sold by Westwood Holdings Group Inc.

Westwood Holdings Group Inc. decreased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 92.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 229,209 shares of the company’s stock after selling 2,965,924 shares during the quarter. Westwood Holdings Group Inc.’s holdings in VICI Properties were worth $6,565,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Montag A & Associates Inc. lifted its holdings in VICI Properties by 3.3% in the 2nd quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock worth $357,000 after buying an additional 389 shares in the last quarter. Bard Associates Inc. lifted its holdings in VICI Properties by 0.5% in the 4th quarter. Bard Associates Inc. now owns 79,612 shares of the company’s stock worth $2,570,000 after buying an additional 395 shares in the last quarter. MAS Advisors LLC lifted its holdings in VICI Properties by 2.8% in the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock worth $422,000 after buying an additional 398 shares in the last quarter. Courier Capital LLC increased its position in shares of VICI Properties by 2.0% in the 1st quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock worth $627,000 after purchasing an additional 417 shares during the last quarter. Finally, Oppenheimer & Co. Inc. increased its position in shares of VICI Properties by 0.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 52,494 shares of the company’s stock worth $1,674,000 after purchasing an additional 448 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $33.07 on Monday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.29. The firm has a 50-day simple moving average of $32.13 and a 200 day simple moving average of $29.93. The company has a market cap of $34.50 billion, a PE ratio of 13.07, a P/E/G ratio of 5.35 and a beta of 0.94.

VICI Properties Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date of this dividend is Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio is currently 68.38%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Evercore ISI boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $33.56.

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.