VICI Properties Inc. (NYSE:VICI) Shares Sold by Empowered Funds LLC

Empowered Funds LLC lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 48.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,884 shares of the company’s stock after selling 119,455 shares during the quarter. Empowered Funds LLC’s holdings in VICI Properties were worth $3,735,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Continuum Advisory LLC raised its holdings in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after acquiring an additional 374 shares during the period. Brown Brothers Harriman & Co. raised its holdings in shares of VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares during the period. Harbor Capital Advisors Inc. purchased a new position in shares of VICI Properties during the 3rd quarter worth $67,000. Livforsakringsbolaget Skandia Omsesidigt raised its holdings in shares of VICI Properties by 340.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company’s stock worth $74,000 after acquiring an additional 1,700 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in VICI Properties by 1,774.4% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,343 shares of the company’s stock valued at $78,000 after buying an additional 2,218 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of VICI opened at $29.82 on Thursday. The stock has a 50 day moving average price of $29.71 and a 200 day moving average price of $31.47. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market capitalization of $31.44 billion, a price-to-earnings ratio of 11.04, a price-to-earnings-growth ratio of 3.80 and a beta of 0.95. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on VICI shares. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Truist Financial cut their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Mizuho cut their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Finally, Barclays cut their price target on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $34.22.

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.