Burney Co. Sells 124,726 Shares of VICI Properties Inc. (NYSE:VICI)

Burney Co. lessened its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 40.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,316 shares of the company's stock after selling 124,726 shares during the quarter. Burney Co.'s holdings in VICI Properties were worth $5,413,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company's stock worth $32,000 after acquiring an additional 999 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company's stock worth $50,000 after purchasing an additional 374 shares in the last quarter. UMB Bank n.a. boosted its position in shares of VICI Properties by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company's stock worth $63,000 after purchasing an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. grew its stake in shares of VICI Properties by 512.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company's stock worth $65,000 after buying an additional 1,630 shares during the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new position in VICI Properties during the third quarter valued at $67,000. 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 research reports. Mizuho cut their target price on VICI Properties from $33.00 to $30.00 and set an "outperform" rating on the stock in a research note on Wednesday, January 8th. Barclays began coverage on shares of VICI Properties in a research report on Friday, January 10th. They set an "overweight" rating and a $36.00 price objective on the stock. JMP Securities reaffirmed a "market outperform" rating and issued a $35.00 target price on shares of VICI Properties in a report on Wednesday, December 11th. Wells Fargo & Company reiterated an "overweight" rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, Truist Financial reduced their price target on shares of VICI Properties from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, VICI Properties currently has an average rating of "Moderate Buy" and a consensus target price of $34.33.

VICI Properties Stock Performance

VICI traded down $0.23 during mid-day trading on Wednesday, reaching $28.74. 8,142,643 shares of the company traded hands, compared to its average volume of 7,935,315. The stock has a market capitalization of $30.30 billion, a P/E ratio of 10.64, a P/E/G ratio of 4.12 and a beta of 0.94. 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's fifty day moving average price is $30.60 and its 200-day moving average price is $31.42.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders 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 annualized dividend and a yield of 6.02%. VICI Properties's payout ratio 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.