Commonwealth Equity Services LLC reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI – Free Report) by 8.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 102,587 shares of the company’s stock after selling 8,993 shares during the period. Commonwealth Equity Services LLC’s holdings in VICI Properties were worth $3,346,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. Ronald Blue Trust Inc. grew its stake in shares of VICI Properties by 143.2% in the 1st quarter. Ronald Blue Trust Inc. now owns 800 shares of the company’s stock valued at $26,000 after purchasing an additional 471 shares during the last quarter. Register Financial Advisors LLC acquired a new stake in shares of VICI Properties during the first quarter valued at $33,000. PSI Advisors LLC acquired a new position in shares of VICI Properties in the first quarter valued at approximately $33,000. Massmutual Trust Co. FSB ADV grew its position in shares of VICI Properties by 44.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,036 shares of the company’s stock valued at $34,000 after purchasing an additional 321 shares during the period. Finally, Core Wealth Partners LLC purchased a new stake in VICI Properties in the 4th quarter valued at about $212,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Morgan Stanley restated an “equal weight” rating and issued a $32.00 price objective on shares of VICI Properties in a report on Tuesday, August 1st. BNP Paribas began coverage on VICI Properties in a research note on Wednesday, June 14th. They set an “outperform” rating and a $41.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft downgraded VICI Properties from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $34.00 in a research note on Wednesday, July 5th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $36.20.
VICI Properties Price Performance
VICI opened at $30.99 on Tuesday. The company’s 50 day simple moving average is $31.26 and its 200-day simple moving average is $31.93. VICI Properties Inc. has a one year low of $29.29 and a one year high of $35.07. The stock has a market capitalization of $31.41 billion, a P/E ratio of 14.22, a price-to-earnings-growth ratio of 2.30 and a beta of 0.93. The company has a debt-to-equity ratio of 0.69, a current ratio of 4.23 and a quick ratio of 4.23.
VICI Properties Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, July 6th. Investors of record on Thursday, June 22nd were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $1.56 annualized dividend and a yield of 5.03%. VICI Properties’s dividend payout ratio (DPR) is currently 71.56%.
About VICI Properties
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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