Naviter Wealth LLC Has $1.82 Million Position in VICI Properties Inc. (NYSE:VICI)

Naviter Wealth LLC reduced its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 8.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,291 shares of the company’s stock after selling 5,002 shares during the period. Naviter Wealth LLC’s holdings in VICI Properties were worth $1,818,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Invesco Ltd. raised its stake in shares of VICI Properties by 19.1% in the third quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock worth $689,281,000 after acquiring an additional 3,798,898 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of VICI Properties by 0.5% during the third quarter. JPMorgan Chase & Co. now owns 17,533,937 shares of the company’s stock worth $510,238,000 after buying an additional 86,084 shares during the last quarter. Northern Trust Corp raised its stake in shares of VICI Properties by 2.0% during the third quarter. Northern Trust Corp now owns 11,130,050 shares of the company’s stock worth $323,884,000 after buying an additional 213,923 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of VICI Properties by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,146,772 shares of the company’s stock worth $295,271,000 after buying an additional 183,369 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of VICI Properties by 50.0% during the fourth quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock worth $261,558,000 after buying an additional 2,736,096 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at VICI Properties

In other news, Director James R. Abrahamson acquired 3,000 shares of the firm’s 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 hyperlink. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Mizuho dropped their price target on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Finally, Morgan Stanley boosted their price target on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.36.

VICI Properties Stock Up 1.7 %

VICI Properties stock traded up $0.47 during mid-day trading on Monday, reaching $28.94. The company’s stock had a trading volume of 2,032,449 shares, compared to its average volume of 6,159,904. The company has a market capitalization of $30.19 billion, a price-to-earnings ratio of 11.62, a price-to-earnings-growth ratio of 6.40 and a beta of 0.90. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $34.05. The business’s 50 day simple moving average is $29.01 and its 200 day simple moving average is $29.60. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is currently 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.