Valley Wealth Managers Inc. lessened its stake in VICI Properties Inc. (NYSE:VICI – Free Report) by 19.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 100,690 shares of the company’s stock after selling 24,031 shares during the period. Valley Wealth Managers Inc.’s holdings in VICI Properties were worth $2,831,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. State of Wyoming bought a new stake in VICI Properties in the second quarter valued at approximately $26,000. Headlands Technologies LLC bought a new position in shares of VICI Properties in the second quarter worth approximately $28,000. Godsey & Gibb Inc. purchased a new position in shares of VICI Properties in the third quarter worth $29,000. BOKF NA purchased a new position in shares of VICI Properties in the third quarter worth $30,000. Finally, Avalon Trust Co bought a new stake in VICI Properties during the 3rd quarter valued at $35,000. 97.71% of the stock is currently owned by institutional investors.
VICI Properties Price Performance
VICI stock opened at $28.92 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. VICI Properties Inc. has a 1 year low of $26.55 and a 1 year high of $34.01. The firm has a 50-day moving average of $28.38 and a 200 day moving average of $28.75. The company has a market cap of $30.92 billion, a P/E ratio of 9.90 and a beta of 0.67.
VICI Properties Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend was Thursday, March 19th. VICI Properties’s dividend payout ratio is presently 61.64%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on VICI shares. Robert W. Baird decreased their price objective on shares of VICI Properties from $36.00 to $34.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Scotiabank downgraded VICI Properties from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the company from $36.00 to $30.00 in a report on Friday, January 30th. Barclays increased their price objective on VICI Properties from $33.00 to $34.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Weiss Ratings reissued a “hold (c)” rating on shares of VICI Properties in a research note on Friday, March 27th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 target price on VICI Properties in a report on Monday, May 4th. Seven equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $33.23.
Check Out Our Latest Stock Report on VICI Properties
About VICI Properties
VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.
The company’s portfolio is concentrated in major U.S.
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