Valley Wealth Managers Inc. Has $3.33 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Valley Wealth Managers Inc. reduced its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 113,870 shares of the company's stock after selling 10,564 shares during the period. Valley Wealth Managers Inc.'s holdings in VICI Properties were worth $3,326,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Kestra Investment Management LLC purchased a new position in shares of VICI Properties in the fourth quarter worth approximately $33,000. Atria Wealth Solutions Inc. increased its position in shares of VICI Properties by 145.9% in the fourth quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company's stock worth $1,189,000 after acquiring an additional 24,159 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of VICI Properties by 64.1% in the fourth quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company's stock worth $32,000 after acquiring an additional 431 shares in the last quarter. D.A. Davidson & CO. increased its position in shares of VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company's stock worth $321,000 after acquiring an additional 340 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of VICI Properties by 2.9% during the fourth quarter. CIBC Asset Management Inc now owns 235,956 shares of the company's stock worth $6,892,000 after purchasing an additional 6,700 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently commented on VICI shares. Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a report on Wednesday, January 8th. JMP Securities restated a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a report on Monday, January 27th. Stifel Nicolaus raised their price target on shares of VICI Properties from $33.75 to $34.00 and gave the stock a "buy" rating in a report on Friday. Barclays decreased their price target on shares of VICI Properties from $36.00 to $35.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Finally, KeyCorp restated a "sector weight" rating on shares of VICI Properties in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, VICI Properties has a consensus rating of "Moderate Buy" and a consensus price target of $34.20.

VICI Properties Stock Up 1.6 %

NYSE VICI traded up $0.49 during trading on Friday, reaching $31.25. The company's stock had a trading volume of 8,771,032 shares, compared to its average volume of 6,366,901. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $32.95 billion, a PE ratio of 11.58, a PEG ratio of 3.85 and a beta of 0.95. The business has a 50-day moving average price of $29.59 and a 200-day moving average price of $31.43. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties (NYSE:VICI - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.67 by ($0.10). VICI Properties had a return on equity of 10.80% and a net margin of 73.90%. The company had revenue of $976.05 million for the quarter, compared to the consensus estimate of $969.29 million. On average, research analysts forecast that VICI Properties Inc. will post 2.26 earnings per share for the current fiscal year.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.54%. The ex-dividend date was Tuesday, December 17th. VICI Properties's dividend payout ratio (DPR) is currently 64.07%.

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.