Janiczek Wealth Management LLC Sells 568 Shares of VICI Properties Inc. (NYSE:VICI)

Janiczek Wealth Management LLC lowered its stake in VICI Properties Inc. (NYSE:VICI) by 18.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,476 shares of the company’s stock after selling 568 shares during the quarter. Janiczek Wealth Management LLC’s holdings in VICI Properties were worth $79,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in VICI. Bell Investment Advisors Inc lifted its holdings in shares of VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after acquiring an additional 410 shares during the last quarter. Alaska Permanent Fund Corp lifted its holdings in shares of VICI Properties by 87.4% in the third quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock worth $29,000 after acquiring an additional 466 shares during the last quarter. HBC Financial Services PLLC bought a new position in shares of VICI Properties in the fourth quarter worth about $31,000. ING Groep NV bought a new position in shares of VICI Properties in the third quarter worth about $36,000. Finally, Blue Trust Inc. lifted its holdings in shares of VICI Properties by 455.3% in the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after acquiring an additional 938 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

VICI has been the subject of several recent research reports. Mizuho lowered their price objective on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Wells Fargo & Company lowered their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Finally, Morgan Stanley upped their price objective on VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and a consensus price target of $34.36.

Insider Buying and Selling at VICI Properties

In related news, Director James R. Abrahamson acquired 3,000 shares of VICI Properties stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $28.85 per share, with a total value of $86,550.00. Following the transaction, the director now directly owns 139,342 shares in the company, valued at approximately $4,020,016.70. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.25% of the company’s stock.

VICI Properties Stock Performance

NYSE:VICI opened at $27.94 on Friday. The company has a market capitalization of $29.14 billion, a PE ratio of 11.26, a P/E/G ratio of 6.33 and a beta of 0.90. The company has a 50 day simple moving average of $29.34 and a two-hundred day simple moving average of $29.66. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.05.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio is presently 66.94%.

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.