Kestra Private Wealth Services LLC Raises Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Kestra Private Wealth Services LLC boosted its position in VICI Properties Inc. (NYSE:VICI - Free Report) by 67.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,395 shares of the company's stock after buying an additional 13,491 shares during the quarter. Kestra Private Wealth Services LLC's holdings in VICI Properties were worth $975,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Livforsakringsbolaget Skandia Omsesidigt increased its holdings in shares of VICI Properties by 340.0% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company's stock worth $74,000 after buying an additional 1,700 shares during the period. Creative Planning lifted its position in VICI Properties by 4.2% in the third quarter. Creative Planning now owns 74,125 shares of the company's stock valued at $2,469,000 after purchasing an additional 2,971 shares during the last quarter. Presima Securities ULC lifted its position in VICI Properties by 24.3% in the third quarter. Presima Securities ULC now owns 90,423 shares of the company's stock valued at $3,012,000 after purchasing an additional 17,671 shares during the last quarter. Naviter Wealth LLC grew its holdings in shares of VICI Properties by 5.1% in the third quarter. Naviter Wealth LLC now owns 73,974 shares of the company's stock worth $2,496,000 after purchasing an additional 3,619 shares during the last quarter. Finally, Teamwork Financial Advisors LLC increased its stake in shares of VICI Properties by 38.7% in the third quarter. Teamwork Financial Advisors LLC now owns 21,992 shares of the company's stock worth $733,000 after buying an additional 6,136 shares during the period. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on VICI. Truist Financial dropped 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, January 14th. 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. Mizuho dropped their price objective on VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, January 8th. Barclays cut their price objective on VICI Properties from $36.00 to $35.00 and set an "overweight" rating on the stock in a research 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 analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $34.22.

VICI Properties Stock Down 0.1 %

Shares of NYSE VICI traded down $0.04 on Monday, reaching $30.39. 4,790,992 shares of the company's stock traded hands, compared to its average volume of 5,728,878. The business's 50 day simple moving average is $29.63 and its two-hundred day simple moving average is $31.45. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a market cap of $32.04 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 3.80 and a beta of 0.95. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties's payout ratio is 64.07%.

About VICI Properties

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.