Simplicity Solutions LLC Increases Position in VICI Properties Inc. (NYSE:VICI)

Simplicity Solutions LLC grew its holdings in VICI Properties Inc. (NYSE:VICI) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 46,331 shares of the company’s stock after purchasing an additional 1,915 shares during the quarter. Simplicity Solutions LLC’s holdings in VICI Properties were worth $1,477,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bell Investment Advisors Inc grew its stake in shares of VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after acquiring an additional 410 shares in the last quarter. Alaska Permanent Fund Corp grew its stake in VICI Properties by 87.4% during the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock worth $29,000 after purchasing an additional 466 shares in the last quarter. HBC Financial Services PLLC acquired a new position in VICI Properties during the 4th quarter worth $31,000. ING Groep NV purchased a new stake in VICI Properties during the 3rd quarter worth about $36,000. Finally, Blue Trust Inc. raised its position in VICI Properties by 455.3% in the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after purchasing an additional 938 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director James R. Abrahamson acquired 3,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The stock was acquired at an average cost of $28.85 per share, with a total value of $86,550.00. Following the completion of the acquisition, 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 is available through this link. 0.25% of the stock is currently owned by corporate insiders.

VICI Properties Stock Performance

Shares of VICI stock opened at $27.59 on Tuesday. The stock’s 50-day moving average is $29.30 and its two-hundred day moving average is $29.65. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.05. The firm has a market cap of $28.78 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 6.27 and a beta of 0.90.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a dividend of $0.415 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 6.02%. VICI Properties’s dividend payout ratio is presently 66.94%.

Analyst Upgrades and Downgrades

VICI has been the topic of a number of recent research reports. Morgan Stanley upped their target price 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. Mizuho lowered their target price on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Finally, Wells Fargo & Company cut their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 6th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus target price of $34.36.

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.