VICI Properties Inc. (NYSE:VICI) Shares Sold by Strategic Wealth Investment Group LLC

Strategic Wealth Investment Group LLC lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 8.4% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 189,869 shares of the company’s stock after selling 17,427 shares during the quarter. Strategic Wealth Investment Group LLC’s holdings in VICI Properties were worth $5,546,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Quarry LP raised its holdings in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares in the last quarter. Continuum Advisory LLC increased its position in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares during the period. UMB Bank n.a. raised its stake in shares of VICI Properties by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after buying an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of VICI Properties by 512.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after buying an additional 1,630 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new position in VICI Properties during the third quarter valued at about $67,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Up 0.5 %

Shares of VICI Properties stock opened at $29.80 on Friday. 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. The stock has a 50-day moving average price of $30.13 and a 200 day moving average price of $31.49. The company has a market cap of $31.41 billion, a P/E ratio of 11.04, a P/E/G ratio of 3.78 and a beta of 0.94.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio is currently 64.07%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays assumed coverage on shares of VICI Properties in a report on Friday, January 10th. They issued an “overweight” rating and a $36.00 target price on the stock. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Mizuho dropped their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Finally, JMP Securities reissued a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.33.

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.