Shell Asset Management Co. Sells 28,329 Shares of VICI Properties Inc. $VICI

Shell Asset Management Co. reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 30.9% during the third quarter, HoldingsChannel reports. The firm owned 63,480 shares of the company’s stock after selling 28,329 shares during the period. Shell Asset Management Co.’s holdings in VICI Properties were worth $2,070,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. State of Wyoming bought a new position in VICI Properties during the 2nd quarter valued at about $26,000. Parvin Asset Management LLC bought a new position in VICI Properties during the second quarter valued at approximately $27,000. Hantz Financial Services Inc. lifted its position in VICI Properties by 489.2% during the second quarter. Hantz Financial Services Inc. now owns 872 shares of the company’s stock valued at $28,000 after purchasing an additional 724 shares during the period. Headlands Technologies LLC purchased a new stake in VICI Properties in the second quarter worth approximately $28,000. Finally, Godsey & Gibb Inc. purchased a new stake in VICI Properties during the 3rd quarter valued at $29,000. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VICI. Mizuho dropped their price target on VICI Properties from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 17th. Cantor Fitzgerald set a $33.00 target price on VICI Properties in a research report on Monday, January 5th. Evercore reaffirmed an “in-line” rating and set a $32.00 price target (down previously from $36.00) on shares of VICI Properties in a research report on Monday, December 1st. The Goldman Sachs Group dropped their price objective on shares of VICI Properties from $38.00 to $34.00 and set a “buy” rating on the stock in a report on Friday, November 28th. Finally, Barclays reduced their target price on shares of VICI Properties from $37.00 to $33.00 and set an “overweight” rating for the company in a report on Wednesday, December 3rd. Nine equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and a consensus target price of $33.85.

VICI Properties Stock Performance

VICI opened at $29.32 on Friday. The company has a 50 day simple moving average of $28.29 and a two-hundred day simple moving average of $30.41. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.60 and a quick ratio of 3.60. The firm has a market cap of $31.33 billion, a P/E ratio of 11.19, a PEG ratio of 2.91 and a beta of 0.70. VICI Properties Inc. has a 1-year low of $27.48 and a 1-year high of $34.03.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Wednesday, December 17th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 6.1%. The ex-dividend date was Wednesday, December 17th. VICI Properties’s dividend payout ratio is presently 68.70%.

VICI Properties Company Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.