VICI Properties Inc. (NYSE:VICI) Stake Lowered by Capital Analysts LLC

Capital Analysts LLC cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,248 shares of the company’s stock after selling 450 shares during the quarter. Capital Analysts LLC’s holdings in VICI Properties were worth $167,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in VICI. Pathstone Family Office LLC boosted its position in shares of VICI Properties by 286.6% during the third quarter. Pathstone Family Office LLC now owns 28,151 shares of the company’s stock worth $822,000 after buying an additional 20,869 shares during the period. International Assets Investment Management LLC boosted its position in shares of VICI Properties by 3,074.1% during the fourth quarter. International Assets Investment Management LLC now owns 181,844 shares of the company’s stock worth $5,704,000 after buying an additional 176,115 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of VICI Properties by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,146,772 shares of the company’s stock worth $295,271,000 after buying an additional 183,369 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of VICI Properties by 16.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 203,768 shares of the company’s stock worth $5,930,000 after buying an additional 28,626 shares during the period. Finally, Teacher Retirement System of Texas boosted its position in shares of VICI Properties by 58.0% during the third quarter. Teacher Retirement System of Texas now owns 755,309 shares of the company’s stock worth $21,979,000 after buying an additional 277,143 shares during the period. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $27.51 on Friday. VICI Properties Inc. has a one year low of $26.63 and a one year high of $34.05. The stock has a fifty day moving average of $29.15 and a 200-day moving average of $29.61. The company has a market capitalization of $28.70 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 6.11 and a beta of 0.90. 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 Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.03%. VICI Properties’s dividend payout ratio (DPR) is presently 66.94%.

Insider Activity

In other news, Director James R. Abrahamson bought 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $28.85 per share, with a total value of $86,550.00. Following the purchase, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on VICI. Wells Fargo & Company cut their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. 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 research report on Monday, March 18th. Finally, Mizuho cut their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $34.36.

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.