Chevy Chase Trust Holdings LLC Sells 8,265 Shares of VICI Properties Inc. (NYSE:VICI)

Chevy Chase Trust Holdings LLC trimmed its holdings in VICI Properties Inc. (NYSE:VICI) by 1.5% in the fourth quarter, HoldingsChannel reports. The fund owned 553,184 shares of the company’s stock after selling 8,265 shares during the period. Chevy Chase Trust Holdings LLC’s holdings in VICI Properties were worth $16,159,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. V Square Quantitative Management LLC lifted its holdings in shares of VICI Properties by 3.3% in the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock worth $357,000 after acquiring an additional 391 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of VICI Properties by 0.3% in the 4th quarter. Asset Management One Co. Ltd. now owns 2,060,248 shares of the company’s stock worth $59,624,000 after acquiring an additional 6,601 shares during the last quarter. Pathway Financial Advisers LLC lifted its holdings in shares of VICI Properties by 1.8% in the 4th quarter. Pathway Financial Advisers LLC now owns 95,534 shares of the company’s stock worth $2,791,000 after acquiring an additional 1,691 shares during the last quarter. Avestar Capital LLC lifted its holdings in shares of VICI Properties by 26.8% in the 4th quarter. Avestar Capital LLC now owns 9,639 shares of the company’s stock worth $282,000 after acquiring an additional 2,040 shares during the last quarter. Finally, Ingalls & Snyder LLC lifted its holdings in shares of VICI Properties by 5.5% in the 4th quarter. Ingalls & Snyder LLC now owns 23,200 shares of the company’s stock worth $678,000 after acquiring an additional 1,200 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on VICI shares. JMP Securities reiterated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Mizuho lowered their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Barclays lowered their price target on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Stock Down 0.1 %

Shares of VICI Properties stock opened at $30.39 on Friday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company’s fifty day simple moving average is $29.66 and its two-hundred day simple moving average is $31.45. The company has a market cap of $32.04 billion, a P/E ratio of 11.26, a PEG ratio of 3.80 and a beta of 0.95. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s payout ratio is currently 64.07%.

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.