Oppenheimer & Co. Inc. decreased its position in VICI Properties Inc. (NYSE:VICI – Free Report) by 66.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 24,382 shares of the company’s stock after selling 47,444 shares during the period. Oppenheimer & Co. Inc.’s holdings in VICI Properties were worth $686,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently made changes to their positions in VICI. Sigma Planning Corp increased its holdings in VICI Properties by 9.5% during the 4th quarter. Sigma Planning Corp now owns 19,379 shares of the company’s stock worth $545,000 after purchasing an additional 1,682 shares in the last quarter. Bogart Wealth LLC increased its holdings in VICI Properties by 10.8% during the 4th quarter. Bogart Wealth LLC now owns 248,458 shares of the company’s stock worth $6,987,000 after purchasing an additional 24,129 shares in the last quarter. Wealthfront Advisers LLC increased its holdings in VICI Properties by 5.7% during the 4th quarter. Wealthfront Advisers LLC now owns 261,778 shares of the company’s stock worth $7,361,000 after purchasing an additional 14,001 shares in the last quarter. M&T Bank Corp increased its holdings in VICI Properties by 45.9% during the 4th quarter. M&T Bank Corp now owns 977,991 shares of the company’s stock worth $27,501,000 after purchasing an additional 307,496 shares in the last quarter. Finally, D.A. Davidson & CO. increased its holdings in VICI Properties by 93.3% during the 4th quarter. D.A. Davidson & CO. now owns 104,536 shares of the company’s stock worth $2,940,000 after purchasing an additional 50,466 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.
VICI Properties Stock Performance
Shares of NYSE:VICI opened at $28.87 on Friday. The company’s 50 day simple moving average is $28.43 and its 200 day simple moving average is $28.78. The stock has a market capitalization of $30.86 billion, a price-to-earnings ratio of 9.89, a price-to-earnings-growth ratio of 3.29 and a beta of 0.67. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.62 and a quick ratio of 3.62. VICI Properties Inc. has a 1 year low of $26.55 and a 1 year high of $34.01.
VICI Properties Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Thursday, April 9th. Shareholders of record on Thursday, March 19th were given a $0.45 dividend. The ex-dividend date was Thursday, March 19th. This represents a $1.80 dividend on an annualized basis and a yield of 6.2%. VICI Properties’s dividend payout ratio (DPR) is currently 61.64%.
Wall Street Analyst Weigh In
A number of research analysts recently weighed in on VICI shares. Scotiabank downgraded shares of VICI Properties from a “sector outperform” rating to a “sector perform” rating and decreased their target price for the company from $36.00 to $30.00 in a research report on Friday, January 30th. Weiss Ratings restated a “hold (c)” rating on shares of VICI Properties in a research note on Friday, March 27th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of VICI Properties in a research note on Monday. Mizuho restated a “neutral” rating and set a $30.00 price objective on shares of VICI Properties in a research note on Wednesday, March 11th. Finally, Barclays upped their target price on shares of VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Seven investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.23.
Get Our Latest Stock Analysis on VICI Properties
VICI Properties Company Profile
VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.
The company’s portfolio is concentrated in major U.S.
Featured Articles
Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICI – Free Report).
Receive News & Ratings for VICI Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VICI Properties and related companies with MarketBeat.com's FREE daily email newsletter.
