VICI Properties Inc. (NYSE:VICI) Shares Sold by M&T Bank Corp

M&T Bank Corp reduced its position in shares of VICI Properties Inc. (NYSE:VICI) by 2.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 908,973 shares of the company’s stock after selling 20,817 shares during the quarter. M&T Bank Corp’s holdings in VICI Properties were worth $28,980,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Bell Investment Advisors Inc raised its position in shares of VICI Properties by 77.7% during the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after purchasing an additional 410 shares during the period. Alaska Permanent Fund Corp raised its holdings in VICI Properties by 87.4% during the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock worth $29,000 after buying an additional 466 shares during the period. HBC Financial Services PLLC acquired a new stake in VICI Properties during the 4th quarter worth about $31,000. Blue Trust Inc. lifted its stake in VICI Properties by 455.3% during the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after buying an additional 938 shares in the last quarter. Finally, ING Groep NV acquired a new position in shares of VICI Properties in the third quarter worth about $36,000. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

VICI has been the subject of a number of recent analyst reports. Mizuho decreased their price objective on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Wells Fargo & Company lowered their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Finally, Morgan Stanley increased their price objective on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.10.

VICI Properties Price Performance

NYSE:VICI remained flat at $28.80 during mid-day trading on Friday. The company had a trading volume of 6,018,450 shares, compared to its average volume of 6,539,223. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. The company has a market cap of $30.04 billion, a PE ratio of 11.38, a P/E/G ratio of 6.47 and a beta of 0.90. The company has a fifty day moving average of $28.92 and a 200 day moving average of $29.59. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $33.40.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s dividend payout ratio is presently 65.61%.

Insiders Place Their Bets

In other news, Director James R. Abrahamson bought 3,000 shares of the stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the purchase, the director now owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.25% of the company’s stock.

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.