DAVENPORT & Co LLC Sells 5,832 Shares of VICI Properties Inc. (NYSE:VICI)

DAVENPORT & Co LLC decreased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 33.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,411 shares of the company’s stock after selling 5,832 shares during the period. DAVENPORT & Co LLC’s holdings in VICI Properties were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Bell Investment Advisors Inc grew its position in shares of VICI Properties by 77.7% during the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after acquiring an additional 410 shares during the period. Alaska Permanent Fund Corp boosted its holdings in VICI Properties by 87.4% in the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock worth $29,000 after buying an additional 466 shares during the period. ING Groep NV bought a new position in VICI Properties in the 3rd quarter worth $36,000. Blue Trust Inc. boosted its holdings in VICI Properties by 455.3% in the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after buying an additional 938 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in VICI Properties in the 3rd quarter worth $41,000. Institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on VICI. Mizuho dropped their target price on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Wells Fargo & Company dropped their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. KeyCorp dropped their target price 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 reiterated a “neutral” rating and issued a $30.00 price target on shares of VICI Properties in a research note on Thursday, December 14th. Finally, Morgan Stanley boosted their price target on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $34.36.

Insider Activity

In other VICI Properties news, Director James R. Abrahamson bought 3,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.25% of the company’s stock.

VICI Properties Stock Down 5.7 %

Shares of NYSE VICI opened at $28.09 on Thursday. The firm’s 50-day moving average price is $29.45 and its 200-day moving average price is $29.68. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $29.30 billion, a price-to-earnings ratio of 11.33, a P/E/G ratio of 6.65 and a beta of 0.90. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $34.05.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 5.91%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio is 66.94%.

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.