Central Pacific Bank Trust Division Cuts Stake in VICI Properties Inc. (NYSE:VICI)

Central Pacific Bank Trust Division decreased its holdings in VICI Properties Inc. (NYSE:VICI) by 91.3% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,500 shares of the company’s stock after selling 15,785 shares during the period. Central Pacific Bank Trust Division’s holdings in VICI Properties were worth $50,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Tucker Asset Management LLC boosted its position in VICI Properties by 1,888.9% during the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after buying an additional 1,020 shares during the period. Quarry LP lifted its position in shares of VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares during the period. UMB Bank n.a. lifted its position in shares of VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after purchasing an additional 982 shares during the period. Carmichael Hill & Associates Inc. lifted its position in shares of VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after purchasing an additional 1,104 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of VICI Properties in the 2nd quarter worth about $43,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI stock traded down $0.15 during trading hours on Friday, reaching $32.42. The company had a trading volume of 3,421,743 shares, compared to its average volume of 5,904,170. The business has a fifty day moving average price of $32.62 and a 200-day moving average price of $30.18. VICI Properties Inc. has a one year low of $26.63 and a one year high of $34.29. The firm has a market cap of $33.82 billion, a PE ratio of 12.81, a price-to-earnings-growth ratio of 5.15 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.34%. VICI Properties’s payout ratio is currently 68.38%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on VICI shares. Evercore ISI raised 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. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a research note on Friday, June 21st. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $34.00.

VICI Properties Company 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.