Hartford Investment Management Co. Sells 923 Shares of VICI Properties Inc. (NYSE:VICI)

Hartford Investment Management Co. cut its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 1.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,633 shares of the company’s stock after selling 923 shares during the period. Hartford Investment Management Co.’s holdings in VICI Properties were worth $1,888,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. CHURCHILL MANAGEMENT Corp lifted its holdings in shares of VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after purchasing an additional 8,834 shares during the period. Rockefeller Capital Management L.P. raised its position in VICI Properties by 8.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after purchasing an additional 40,733 shares during the last quarter. Border to Coast Pensions Partnership Ltd lifted its holdings in VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after buying an additional 130,000 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after buying an additional 770,195 shares during the last quarter. Finally, Brookstone Capital Management acquired a new stake in shares of VICI Properties in the fourth quarter valued at about $359,000. 97.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays dropped their price target on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Truist Financial decreased their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Mizuho dropped their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Trading Up 2.2 %

VICI opened at $30.45 on Friday. The company has a fifty day moving average price of $29.69 and a two-hundred day moving average price of $31.46. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The company has a market cap of $32.10 billion, a P/E ratio of 11.28, a price-to-earnings-growth ratio of 3.80 and a beta of 0.95. 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 Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s payout ratio is 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.