Empowered Funds LLC Reduces Holdings in VICI Properties Inc. (NYSE:VICI)

Empowered Funds LLC trimmed its stake in VICI Properties Inc. (NYSE:VICI - Free Report) by 48.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 127,884 shares of the company's stock after selling 119,455 shares during the period. Empowered Funds LLC's holdings in VICI Properties were worth $3,735,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Continuum Advisory LLC grew 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 valued at $50,000 after buying an additional 374 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company's stock worth $65,000 after purchasing an additional 1,630 shares during the period. Harbor Capital Advisors Inc. acquired a new stake in VICI Properties during the 3rd quarter worth $67,000. Livforsakringsbolaget Skandia Omsesidigt boosted its stake in VICI Properties by 340.0% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 2,200 shares of the company's stock worth $74,000 after purchasing an additional 1,700 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its stake in VICI Properties by 1,774.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,343 shares of the company's stock worth $78,000 after purchasing an additional 2,218 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Price Performance

Shares of NYSE VICI traded down $0.04 during midday trading on Friday, hitting $30.39. The company had a trading volume of 4,790,992 shares, compared to its average volume of 5,728,878. 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 Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The business has a 50-day simple moving average of $29.66 and a two-hundred day simple moving average of $31.46. The firm has a market capitalization 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.

VICI Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on VICI shares. Truist Financial decreased 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 note on Tuesday, January 14th. 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 research note on Tuesday, February 4th. Mizuho decreased their price target on shares of VICI Properties from $33.00 to $30.00 and set an "outperform" rating for the company in a research note on Wednesday, January 8th. JMP Securities reiterated a "market outperform" rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Finally, Wedbush cut shares of VICI Properties from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $34.22.

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.