Independent Advisor Alliance Has $417,000 Stock Position in VICI Properties Inc. (NYSE:VICI)

Independent Advisor Alliance cut its stake in shares of VICI Properties Inc. (NYSE:VICI) by 4.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,510 shares of the company’s stock after selling 522 shares during the period. Independent Advisor Alliance’s holdings in VICI Properties were worth $417,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of VICI. Carmel Capital Partners LLC grew its position in VICI Properties by 1.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after acquiring an additional 367 shares during the last quarter. Montag A & Associates Inc. boosted its stake in shares of VICI Properties by 3.3% during the second quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock valued at $357,000 after purchasing an additional 389 shares in the last quarter. MAS Advisors LLC grew its holdings in shares of VICI Properties by 2.8% during the second quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock worth $422,000 after purchasing an additional 398 shares during the last quarter. Insight Folios Inc increased its stake in shares of 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 buying an additional 433 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its holdings in VICI Properties by 23.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock valued at $78,000 after buying an additional 442 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

Shares of VICI stock opened at $32.60 on Friday. The firm has a 50 day moving average of $32.35 and a 200-day moving average of $31.08. The company has a market cap of $34.37 billion, a price-to-earnings ratio of 12.07, a price-to-earnings-growth ratio of 4.31 and a beta of 0.94. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a $0.4325 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.31%. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s payout ratio is 64.07%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on VICI shares. JMP Securities boosted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Evercore ISI upped their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Finally, Mizuho dropped their price target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $34.22.

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.