Braun Stacey Associates Inc. Lowers Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Braun Stacey Associates Inc. lowered its position in shares of VICI Properties Inc. (NYSE:VICI) by 1.4% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 658,269 shares of the company’s stock after selling 9,380 shares during the quarter. Braun Stacey Associates Inc. owned 0.06% of VICI Properties worth $19,228,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Atria Wealth Solutions Inc. boosted its holdings in VICI Properties by 145.9% during the fourth quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock worth $1,189,000 after buying an additional 24,159 shares in the last quarter. Venturi Wealth Management LLC boosted its stake in shares of VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock worth $32,000 after acquiring an additional 431 shares in the last quarter. D.A. Davidson & CO. raised its stake in shares of VICI Properties by 3.2% during the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after buying an additional 340 shares during the last quarter. CIBC Asset Management Inc grew its position in shares of VICI Properties by 2.9% in the fourth quarter. CIBC Asset Management Inc now owns 235,956 shares of the company’s stock valued at $6,892,000 after purchasing an additional 6,700 shares during the last quarter. Finally, Catalyst Capital Advisors LLC boosted its position in VICI Properties by 103.6% during the fourth quarter. Catalyst Capital Advisors LLC now owns 29,475 shares of the company’s stock worth $861,000 after acquiring an additional 15,000 shares during the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI stock opened at $30.39 on Tuesday. The business’s 50-day moving average price is $29.63 and its two-hundred day moving average price is $31.45. The firm has a market cap of $32.04 billion, a PE ratio of 11.26, a P/E/G 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 Inc. has a 1-year low of $27.08 and a 1-year high of $34.29.

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 given a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.69%. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on VICI shares. JMP Securities reissued a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Monday, January 27th. Truist Financial decreased their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Barclays reduced their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $34.22.

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.