Strategic Global Advisors LLC Lowers Stock Position in VICI Properties Inc. (NYSE:VICI)

Strategic Global Advisors LLC lessened its stake in shares of VICI Properties Inc. (NYSE:VICIFree Report) by 40.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 36,469 shares of the company’s stock after selling 24,359 shares during the quarter. Strategic Global Advisors LLC’s holdings in VICI Properties were worth $1,163,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VICI. HBC Financial Services PLLC acquired a new stake in shares of VICI Properties during the fourth quarter worth about $31,000. Blue Trust Inc. lifted its position in shares of VICI Properties by 455.3% during the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after purchasing an additional 938 shares in the last quarter. Planned Solutions Inc. acquired a new stake in shares of VICI Properties during the fourth quarter worth about $45,000. Cary Street Partners Investment Advisory LLC lifted its position in shares of VICI Properties by 132.7% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 2,841 shares of the company’s stock worth $83,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Arlington Trust Co LLC lifted its position in shares of VICI Properties by 291.9% during the fourth quarter. Arlington Trust Co LLC now owns 2,610 shares of the company’s stock worth $83,000 after purchasing an additional 1,944 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VICI has been the topic of several research reports. Scotiabank increased their price target on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Wells Fargo & Company reduced their target price 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. Mizuho raised their target price on shares of VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, May 10th. Finally, Morgan Stanley raised their target price 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. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $34.18.

Read Our Latest Stock Report on VICI

Insider Transactions at VICI Properties

In related news, Director James R. Abrahamson acquired 3,000 shares of VICI Properties stock in a transaction dated Thursday, March 14th. The stock was acquired at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the transaction, the director now owns 139,342 shares of the company’s stock, valued at $4,020,016.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.

VICI Properties Stock Down 0.9 %

Shares of NYSE:VICI opened at $28.11 on Tuesday. The company has a market capitalization of $29.32 billion, a PE ratio of 11.11, a P/E/G ratio of 2.32 and a beta of 0.91. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $33.40. The firm has a 50 day simple moving average of $28.81 and a 200-day simple moving average of $29.75.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th will be given a dividend of $0.415 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.66 annualized dividend and a dividend yield of 5.91%. VICI Properties’s dividend payout ratio is presently 65.61%.

VICI Properties Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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