M&T Bank Corp Sells 20,817 Shares of VICI Properties Inc. (NYSE:VICI)

M&T Bank Corp lowered its stake in VICI Properties Inc. (NYSE:VICI) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 908,973 shares of the company’s stock after selling 20,817 shares during the period. M&T Bank Corp owned 0.09% of VICI Properties worth $28,980,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Bell Investment Advisors Inc grew its holdings in VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after purchasing an additional 410 shares during the period. Alaska Permanent Fund Corp boosted its stake in shares of VICI Properties by 87.4% in the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock worth $29,000 after buying an additional 466 shares during the last quarter. HBC Financial Services PLLC bought a new position in VICI Properties in the 4th quarter valued at $31,000. ING Groep NV bought a new position in VICI Properties during the third quarter valued at about $36,000. Finally, Blue Trust Inc. increased its stake in shares of VICI Properties by 455.3% during the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after purchasing an additional 938 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director James R. Abrahamson purchased 3,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the transaction, the director now directly owns 139,342 shares in the company, valued at approximately $4,020,016.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on VICI shares. Wells Fargo & Company lowered their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. Morgan Stanley upped their price target on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Finally, Mizuho reduced their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.10.

VICI Properties Stock Performance

Shares of VICI stock remained flat at $28.80 on Friday. The stock had a trading volume of 6,018,450 shares, compared to its average volume of 6,539,223. The firm has a market cap of $30.04 billion, a PE ratio of 11.38, a P/E/G ratio of 6.47 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. The stock’s 50-day simple moving average is $28.92 and its 200 day simple moving average is $29.59. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $33.40.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio is presently 65.61%.

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.