Kingswood Wealth Advisors LLC Buys New Shares in VICI Properties Inc. (NYSE:VICI)

Kingswood Wealth Advisors LLC purchased a new position in shares of VICI Properties Inc. (NYSE:VICI) during the 4th quarter, Holdings Channel reports. The fund purchased 7,964 shares of the company’s stock, valued at approximately $233,000.

Other large investors also recently modified their holdings of the company. Carmel Capital Partners LLC boosted its position in VICI Properties by 1.0% during the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock valued at $1,177,000 after purchasing an additional 367 shares during the last quarter. Continuum Advisory LLC increased its holdings in VICI Properties by 30.5% during the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares during the last quarter. Insight Folios Inc raised its position in VICI Properties by 2.5% during the third quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock worth $601,000 after acquiring an additional 433 shares in the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in VICI Properties by 23.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock valued at $78,000 after acquiring an additional 442 shares during the last quarter. Finally, Chase Investment Counsel Corp grew its position in shares of VICI Properties by 3.2% in the 3rd quarter. Chase Investment Counsel Corp now owns 15,346 shares of the company’s stock valued at $511,000 after acquiring an additional 470 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

VICI opened at $29.75 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The business has a fifty day simple moving average of $30.08 and a 200 day simple moving average of $31.50. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a market capitalization of $31.36 billion, a PE ratio of 11.02, a price-to-earnings-growth ratio of 3.78 and a beta of 0.94.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.82%. VICI Properties’s payout ratio is presently 64.07%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Mizuho decreased their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, January 8th. Truist Financial cut their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.33.

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.