Strategic Investment Advisors MI Sells 1,851 Shares of VICI Properties Inc. (NYSE:VICI)

Strategic Investment Advisors MI reduced its stake in shares of VICI Properties Inc. (NYSE:VICIFree Report) by 4.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,553 shares of the company’s stock after selling 1,851 shares during the quarter. Strategic Investment Advisors MI’s holdings in VICI Properties were worth $1,388,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of VICI Properties by 11.6% in the 1st quarter. Vanguard Group Inc. now owns 98,755,591 shares of the company’s stock worth $2,810,583,000 after acquiring an additional 10,248,110 shares in the last quarter. Norges Bank purchased a new position in shares of VICI Properties during the fourth quarter valued at approximately $331,955,000. Invesco Ltd. boosted its position in shares of VICI Properties by 19.1% in the 3rd quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock worth $689,281,000 after purchasing an additional 3,798,898 shares in the last quarter. Morgan Stanley raised its stake in VICI Properties by 43.8% during the fourth quarter. Morgan Stanley now owns 11,073,093 shares of the company’s stock valued at $358,768,000 after buying an additional 3,372,327 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of VICI Properties by 223.1% in the second quarter. Goldman Sachs Group Inc. now owns 4,401,889 shares of the company’s stock worth $131,132,000 after acquiring an additional 3,039,359 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Trading Up 0.1 %

Shares of VICI stock opened at $28.95 on Monday. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $30.19 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 6.59 and a beta of 0.90. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $34.05. The stock’s 50-day moving average price is $30.01 and its 200-day moving average price is $29.89.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st will be given a dividend of $0.415 per share. The ex-dividend date of this dividend is Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.73%. VICI Properties’s dividend payout ratio is currently 66.94%.

Analyst Ratings Changes

VICI has been the topic of several recent analyst reports. Wedbush reissued a “neutral” rating and set a $30.00 price objective on shares of VICI Properties in a research report on Thursday, December 14th. Wells Fargo & Company reduced their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Mizuho lowered their price objective on VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. KeyCorp reduced their target price on VICI Properties from $36.00 to $34.00 and set an “overweight” rating for the company in a report on Wednesday, December 13th. Finally, Evercore ISI boosted their price target on VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a research note on Monday, November 27th. Three analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties has an average rating of “Moderate Buy” and an average target price of $34.69.

View Our Latest Analysis on VICI

VICI Properties Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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