Empire Life Investments Inc. Sells 62,341 Shares of VICI Properties Inc. $VICI

Empire Life Investments Inc. decreased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 31.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 136,966 shares of the company’s stock after selling 62,341 shares during the quarter. Empire Life Investments Inc.’s holdings in VICI Properties were worth $3,636,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in VICI. Norges Bank bought a new stake in VICI Properties during the 4th quarter worth about $537,676,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of VICI Properties by 31,134.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 10,218,191 shares of the company’s stock valued at $287,336,000 after acquiring an additional 10,185,477 shares in the last quarter. Man Group plc increased its position in shares of VICI Properties by 100.6% in the fourth quarter. Man Group plc now owns 11,406,537 shares of the company’s stock valued at $320,752,000 after acquiring an additional 5,720,867 shares during the last quarter. Voloridge Investment Management LLC increased its position in shares of VICI Properties by 247.8% in the fourth quarter. Voloridge Investment Management LLC now owns 7,792,028 shares of the company’s stock valued at $219,112,000 after acquiring an additional 5,551,620 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in VICI Properties by 1,001.4% during the first quarter. SG Americas Securities LLC now owns 5,659,186 shares of the company’s stock worth $154,609,000 after acquiring an additional 5,145,372 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 1.0%

VICI Properties stock opened at $26.34 on Friday. VICI Properties Inc. has a 52 week low of $25.82 and a 52 week high of $33.92. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The stock has a market capitalization of $29.00 billion, a P/E ratio of 10.21 and a beta of 0.65. The stock has a 50-day simple moving average of $26.80 and a 200 day simple moving average of $27.92.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date of this dividend was Thursday, June 18th. VICI Properties’s dividend payout ratio (DPR) is presently 69.77%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on VICI. Robert W. Baird set a $32.00 price target on VICI Properties in a research report on Thursday, July 30th. Royal Bank Of Canada began coverage on VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price objective on the stock. Cantor Fitzgerald cut their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Monday. Raymond James Financial set a $29.00 target price on shares of VICI Properties in a research note on Thursday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a report on Wednesday, June 24th. Six analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $31.29.

VICI Properties 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.