SRH Advisors LLC Cuts Stock Position in VICI Properties Inc. (NYSE:VICI)

SRH Advisors LLC trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 18.4% in the fourth quarter, Holdings Channel reports. The firm owned 5,464 shares of the company’s stock after selling 1,229 shares during the period. SRH Advisors LLC’s holdings in VICI Properties were worth $160,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in VICI. Carmel Capital Partners LLC lifted its stake in shares of VICI Properties by 1.0% during the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after purchasing an additional 367 shares in the last quarter. Continuum Advisory LLC lifted its position in 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 in the last quarter. Center For Asset Management LLC boosted its holdings in VICI Properties by 2.3% in the 4th quarter. Center For Asset Management LLC now owns 19,246 shares of the company’s stock worth $562,000 after acquiring an additional 426 shares during the period. Insight Folios Inc grew its position in VICI Properties by 2.5% in the third quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock valued at $601,000 after acquiring an additional 433 shares in the last quarter. Finally, Quent Capital LLC raised its stake in shares of VICI Properties by 27.1% during the fourth quarter. Quent Capital LLC now owns 2,194 shares of the company’s stock valued at $64,000 after purchasing an additional 468 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Trading Down 0.1 %

NYSE:VICI opened at $29.93 on Wednesday. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. 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 cap of $31.55 billion, a PE ratio of 11.08, a P/E/G ratio of 3.80 and a beta of 0.95. The business’s 50 day moving average is $29.75 and its two-hundred day moving average is $31.48.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.78%. VICI Properties’s payout ratio is 64.07%.

Wall Street Analysts Forecast Growth

VICI has been the subject of several analyst reports. JMP Securities restated a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Barclays lowered their target price on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Truist Financial cut their price target on 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 lowered their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Finally, KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.22.

VICI Properties 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.