Bard Associates Inc. Decreases Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Bard Associates Inc. trimmed its stake in VICI Properties Inc. (NYSE:VICI) by 1.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 77,697 shares of the company’s stock after selling 1,265 shares during the quarter. Bard Associates Inc.’s holdings in VICI Properties were worth $2,621,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of VICI. Intech Investment Management LLC lifted its stake in shares of VICI Properties by 115.9% during the 1st quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock valued at $934,000 after buying an additional 16,824 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of VICI Properties by 14.0% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 484,628 shares of the company’s stock worth $14,437,000 after acquiring an additional 59,613 shares during the last quarter. Handelsbanken Fonder AB raised its position in VICI Properties by 8.8% during the third quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock valued at $19,781,000 after purchasing an additional 47,953 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of VICI Properties during the 2nd quarter valued at about $557,000. Finally, Los Angeles Capital Management LLC boosted its stake in shares of VICI Properties by 367.8% in the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock valued at $73,927,000 after purchasing an additional 1,744,939 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Evercore ISI upped their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. JMP Securities increased their target price on VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Mizuho dropped their target price on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Stock Performance

Shares of VICI stock opened at $31.30 on Friday. The business’s fifty day simple moving average is $32.62 and its 200-day simple moving average is $30.86. The company has a market cap of $33.00 billion, a PE ratio of 11.59, a PEG ratio of 4.15 and a beta of 0.94. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors 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 yield of 5.53%. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

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.