Park Avenue Securities LLC Has $215,000 Holdings in VICI Properties Inc. (NYSE:VICI)

Park Avenue Securities LLC lessened its stake in VICI Properties Inc. (NYSE:VICIGet Rating) by 6.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,217 shares of the company’s stock after selling 509 shares during the quarter. Park Avenue Securities LLC’s holdings in VICI Properties were worth $215,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Zions Bancorporation N.A. boosted its holdings in shares of VICI Properties by 120.9% in the second quarter. Zions Bancorporation N.A. now owns 1,131 shares of the company’s stock valued at $34,000 after buying an additional 619 shares during the period. Beaird Harris Wealth Management LLC acquired a new position in VICI Properties during the second quarter worth $34,000. Brown Brothers Harriman & Co. acquired a new position in VICI Properties during the first quarter worth $47,000. UMB Bank n.a. boosted its holdings in VICI Properties by 632.4% during the second quarter. UMB Bank n.a. now owns 1,604 shares of the company’s stock worth $48,000 after purchasing an additional 1,385 shares during the last quarter. Finally, Venture Visionary Partners LLC acquired a new position in VICI Properties during the second quarter worth $48,000.

VICI Properties Price Performance

Shares of VICI opened at $33.96 on Wednesday. The firm has a market capitalization of $32.71 billion, a PE ratio of 31.74, a PEG ratio of 2.28 and a beta of 0.96. The company’s 50-day moving average is $33.06 and its 200-day moving average is $32.67. VICI Properties Inc. has a fifty-two week low of $26.42 and a fifty-two week high of $38.67.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 5th. Stockholders of record on Thursday, December 22nd were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.59%. The ex-dividend date was Wednesday, December 21st. VICI Properties’s payout ratio is presently 145.80%.

Analysts Set New Price Targets

Several research analysts recently commented on VICI shares. Raymond James cut shares of VICI Properties from a “strong-buy” rating to an “outperform” rating and reduced their target price for the stock from $38.00 to $36.00 in a report on Monday, January 9th. LADENBURG THALM/SH SH dropped their price target on shares of VICI Properties from $36.00 to $34.50 in a research report on Wednesday, October 12th. KeyCorp upped their price target on shares of VICI Properties from $33.00 to $35.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 30th. JPMorgan Chase & Co. upped their price target on shares of VICI Properties from $35.00 to $36.00 and gave the stock an “overweight” rating in a research report on Monday, October 24th. Finally, Morgan Stanley upped their price target on shares of VICI Properties from $31.00 to $32.00 and gave the stock an “equal weight” rating in a research report on Friday, December 16th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.77.

About VICI Properties

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VICI Properties is an experiential real estate investment trust that owns one of the largest portfolios of market-leading gaming, hospitality and entertainment destinations, including the world-renowned Caesars Palace. VICI Properties' national, geographically diverse portfolio consists of 29 gaming facilities comprising over 48 million square feet and features approximately 19,200 hotel rooms and more than 200 restaurants, bars and nightclubs.

Further Reading

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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