Kovack Advisors Inc. Sells 3,278 Shares of VICI Properties Inc. (NYSE:VICI)

Kovack Advisors Inc. lessened its position in shares of VICI Properties Inc. (NYSE:VICI) by 12.1% during the third quarter, Holdings Channel reports. The institutional investor owned 23,866 shares of the company’s stock after selling 3,278 shares during the quarter. Kovack Advisors Inc.’s holdings in VICI Properties were worth $795,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in VICI Properties by 15.1% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock valued at $56,079,000 after acquiring an additional 246,983 shares during the period. Intech Investment Management LLC raised 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 purchasing an additional 16,824 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in 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 purchasing an additional 59,613 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in VICI Properties by 8.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock worth $19,781,000 after purchasing an additional 47,953 shares during the period. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in VICI Properties during the 2nd quarter valued at about $557,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VICI. Evercore ISI increased their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. JMP Securities raised their price target on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average target price of $34.11.

VICI Properties Trading Up 0.3 %

NYSE VICI opened at $31.30 on Thursday. The stock’s 50-day simple moving average is $32.67 and its two-hundred day simple moving average is $30.86. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $33.00 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 4.14 and a beta of 0.94.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were given a $0.4325 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.53%. VICI Properties’s payout ratio is presently 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.