VICI Properties Inc. (NYSE:VICI) Shares Sold by Sonora Investment Management Group LLC

Sonora Investment Management Group LLC lessened its position in VICI Properties Inc. (NYSE:VICI) by 2.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 365,509 shares of the company’s stock after selling 7,295 shares during the period. Sonora Investment Management Group LLC’s holdings in VICI Properties were worth $10,677,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in VICI. Northwestern Mutual Wealth Management Co. boosted its position in VICI Properties by 107.0% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,588 shares of the company’s stock worth $332,000 after purchasing an additional 5,990 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in shares of VICI Properties by 7,362.0% in the second quarter. Sunbelt Securities Inc. now owns 12,163 shares of the company’s stock worth $348,000 after acquiring an additional 12,000 shares during the last quarter. Quarry LP boosted its stake in shares of VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 999 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of VICI Properties by 91.6% during the second quarter. Cetera Investment Advisers now owns 179,042 shares of the company’s stock worth $5,128,000 after buying an additional 85,587 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in VICI Properties in the 2nd quarter worth approximately $1,631,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

VICI has been the topic of a number of recent analyst reports. Barclays began coverage on shares of VICI Properties in a research note on Friday, January 10th. They set an “overweight” rating and a $36.00 price target on the stock. JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a report on Monday. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Mizuho decreased their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Stock Performance

Shares of VICI opened at $29.80 on Friday. The stock has a market capitalization of $31.41 billion, a PE ratio of 11.04, a price-to-earnings-growth ratio of 3.78 and a beta of 0.94. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The business’s fifty day moving average price is $30.13 and its 200 day moving average price is $31.49. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.81%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

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.