SMH Capital Advisors Inc. Sells 743 Shares of VICI Properties Inc. (NYSE:VICI)

SMH Capital Advisors Inc. lowered its stake in shares of VICI Properties Inc. (NYSE:VICI) by 2.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,275 shares of the company’s stock after selling 743 shares during the period. VICI Properties accounts for 2.8% of SMH Capital Advisors Inc.’s holdings, making the stock its 6th biggest position. SMH Capital Advisors Inc.’s holdings in VICI Properties were worth $909,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital International Investors increased its position in VICI Properties by 7.5% during the first quarter. Capital International Investors now owns 67,600,000 shares of the company’s stock worth $2,013,804,000 after buying an additional 4,728,903 shares during the last quarter. Capital Research Global Investors grew its stake in VICI Properties by 8.7% in the 1st quarter. Capital Research Global Investors now owns 37,528,622 shares of the company’s stock valued at $1,117,978,000 after buying an additional 3,001,793 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of VICI Properties by 1.4% in the second quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after acquiring an additional 201,899 shares in the last quarter. Legal & General Group Plc raised its position in shares of VICI Properties by 1.8% in the second quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock valued at $413,163,000 after buying an additional 251,313 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in VICI Properties by 6.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 12,064,575 shares of the company’s stock valued at $345,530,000 after acquiring an additional 751,078 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $32.22 on Wednesday. The company has a market cap of $33.97 billion, a P/E ratio of 11.93, a PEG ratio of 4.20 and a beta of 0.94. The business has a 50-day moving average price of $32.51 and a two-hundred day moving average price of $30.96. 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 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is presently 64.07%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 target price (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Mizuho reduced their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, November 14th. JMP Securities boosted 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. Finally, Evercore ISI increased their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.22.

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.