Sigma Planning Corp Cuts Stock Position in VICI Properties Inc. (NYSE:VICI)

Sigma Planning Corp cut its holdings in VICI Properties Inc. (NYSE:VICI) by 41.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 8,768 shares of the company’s stock after selling 6,322 shares during the quarter. Sigma Planning Corp’s holdings in VICI Properties were worth $280,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Handelsbanken Fonder AB increased its position in shares of VICI Properties by 85.1% in the fourth quarter. Handelsbanken Fonder AB now owns 514,232 shares of the company’s stock valued at $16,394,000 after buying an additional 236,430 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of VICI Properties by 3.1% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 262,590 shares of the company’s stock worth $8,371,000 after purchasing an additional 7,805 shares in the last quarter. Lindbrook Capital LLC increased its position in shares of VICI Properties by 24.7% during the fourth quarter. Lindbrook Capital LLC now owns 5,446 shares of the company’s stock worth $174,000 after purchasing an additional 1,078 shares in the last quarter. abrdn plc increased its position in shares of VICI Properties by 3.8% during the fourth quarter. abrdn plc now owns 1,757,317 shares of the company’s stock worth $56,023,000 after purchasing an additional 64,143 shares in the last quarter. Finally, J.W. Cole Advisors Inc. purchased a new stake in shares of VICI Properties during the fourth quarter worth approximately $257,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other VICI Properties news, Director James R. Abrahamson purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were acquired at an average price of $28.85 per share, with a total value of $86,550.00. Following the purchase, 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 the SEC website. Corporate insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

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

VICI Properties Stock Performance

Shares of VICI Properties stock opened at $28.47 on Friday. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $34.05. The business’s fifty day simple moving average is $29.01 and its 200-day simple moving average is $29.60. The firm has a market cap of $29.70 billion, a PE ratio of 11.48, a price-to-earnings-growth ratio of 6.40 and a beta of 0.90. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 5.83%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 66.94%.

VICI Properties 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.