Blue Trust Inc. Buys 938 Shares of VICI Properties Inc. (NYSE:VICI)

Blue Trust Inc. lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 455.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,144 shares of the company’s stock after buying an additional 938 shares during the quarter. Blue Trust Inc.’s holdings in VICI Properties were worth $36,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Penserra Capital Management LLC boosted its stake in shares of VICI Properties by 11.6% in the fourth quarter. Penserra Capital Management LLC now owns 3,300 shares of the company’s stock valued at $105,000 after buying an additional 344 shares during the period. SeaCrest Wealth Management LLC grew its stake in shares of VICI Properties by 3.5% during the fourth quarter. SeaCrest Wealth Management LLC now owns 10,106 shares of the company’s stock worth $327,000 after buying an additional 346 shares during the last quarter. Eqis Capital Management Inc. increased its holdings in shares of VICI Properties by 3.2% during the fourth quarter. Eqis Capital Management Inc. now owns 12,319 shares of the company’s stock worth $399,000 after buying an additional 386 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of VICI Properties by 5.2% during the third quarter. Avantax Advisory Services Inc. now owns 7,877 shares of the company’s stock worth $229,000 after buying an additional 387 shares in the last quarter. Finally, Redmont Wealth Advisors LLC lifted its stake in shares of VICI Properties by 2.1% in the 3rd quarter. Redmont Wealth Advisors LLC now owns 18,628 shares of the company’s stock valued at $542,000 after acquiring an additional 391 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Insider Activity

In other news, Director James R. Abrahamson acquired 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the purchase, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VICI. Morgan Stanley upped their target price on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. KeyCorp dropped their price objective on shares of VICI Properties from $36.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, December 13th. Wedbush reissued a “neutral” rating and set a $30.00 target price on shares of VICI Properties in a report on Thursday, December 14th. Wells Fargo & Company dropped their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Finally, Mizuho reduced their price objective on shares of 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 company’s stock. According to data from MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and a consensus target price of $34.36.

VICI Properties Stock Up 0.2 %

Shares of NYSE:VICI opened at $29.32 on Friday. The business’s 50 day moving average is $29.51 and its 200 day moving average is $29.70. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $34.05. The stock has a market cap of $30.58 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 6.57 and a beta of 0.90. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a $0.415 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 annualized dividend and a dividend yield of 5.66%. VICI Properties’s payout ratio is 66.94%.

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.