Proquility Private Wealth Partners LLC cut its holdings in VICI Properties Inc. (NYSE:VICI – Free Report) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 84,229 shares of the company’s stock after selling 5,423 shares during the period. Proquility Private Wealth Partners LLC’s holdings in VICI Properties were worth $2,460,000 at the end of the most recent reporting period.
Several other hedge funds also recently added to or reduced their stakes in VICI. Chesley Taft & Associates LLC purchased a new position in shares of VICI Properties during the 4th quarter worth $224,000. Royal Fund Management LLC acquired a new position in VICI Properties in the fourth quarter valued at about $2,343,000. Ulland Investment Advisors LLC purchased a new position in VICI Properties during the fourth quarter worth about $167,000. Verity & Verity LLC increased its position in shares of VICI Properties by 16.8% during the fourth quarter. Verity & Verity LLC now owns 499,056 shares of the company’s stock valued at $14,577,000 after acquiring an additional 71,879 shares during the last quarter. Finally, Merit Financial Group LLC acquired a new stake in shares of VICI Properties during the fourth quarter valued at about $693,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
VICI has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a research report on Wednesday, December 11th. Mizuho lowered their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Truist Financial cut their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average target price of $34.33.
VICI Properties Stock Performance
Shares of VICI Properties stock opened at $30.27 on Wednesday. The business has a 50-day simple moving average of $30.43 and a 200-day simple moving average of $31.47. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The company has a market cap of $31.90 billion, a PE ratio of 11.21, a P/E/G ratio of 3.75 and a beta of 0.94.
VICI Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.72%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio is presently 64.07%.
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.
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