NewEdge Wealth LLC Has $736,000 Position in VICI Properties Inc. (NYSE:VICI)

NewEdge Wealth LLC trimmed its holdings in VICI Properties Inc. (NYSE:VICI) by 7.5% during the fourth quarter, Holdings Channel reports. The firm owned 23,097 shares of the company’s stock after selling 1,872 shares during the quarter. NewEdge Wealth LLC’s holdings in VICI Properties were worth $736,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VICI. Bell Investment Advisors Inc lifted its stake in shares of VICI Properties by 77.7% in the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after purchasing an additional 410 shares during the period. Alaska Permanent Fund Corp increased its position in VICI Properties by 87.4% in the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock valued at $29,000 after buying an additional 466 shares in the last quarter. HBC Financial Services PLLC bought a new stake in VICI Properties in the 4th quarter valued at about $31,000. ING Groep NV bought a new stake in VICI Properties in the 3rd quarter valued at about $36,000. Finally, Blue Trust Inc. increased its position in VICI Properties by 455.3% in the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after buying an additional 938 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

VICI Properties Stock Performance

Shares of VICI opened at $27.15 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. The stock has a 50 day moving average price of $29.24 and a two-hundred day moving average price of $29.64. The firm has a market capitalization of $28.32 billion, a P/E ratio of 10.95, a P/E/G ratio of 6.19 and a beta of 0.90. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $34.05.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio is currently 66.94%.

Insiders Place Their Bets

In other VICI Properties news, Director James R. Abrahamson bought 3,000 shares of VICI Properties stock in a transaction dated Thursday, March 14th. The stock was bought at an average cost of $28.85 per share, with a total value of $86,550.00. Following the completion of the acquisition, the director now directly owns 139,342 shares in the company, valued at approximately $4,020,016.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.25% of the company’s stock.

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.