Kestra Private Wealth Services LLC Purchases New Position in VICI Properties Inc. (NYSE:VICI)

Kestra Private Wealth Services LLC purchased a new stake in VICI Properties Inc. (NYSE:VICI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 10,747 shares of the company’s stock, valued at approximately $347,000.

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

Insider Activity

In other news, Director James R. Abrahamson acquired 3,000 shares of VICI Properties stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $28.85 per share, with a total value of $86,550.00. Following the acquisition, the director now owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

VICI has been the subject of a number of recent research reports. Mizuho cut their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Wells Fargo & Company reduced their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Finally, Morgan Stanley lifted their target price on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, March 18th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $34.10.

VICI Properties Trading Up 1.7 %

Shares of VICI stock opened at $29.55 on Wednesday. The company has a market capitalization of $30.83 billion, a P/E ratio of 11.68, a P/E/G ratio of 6.47 and a beta of 0.90. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $33.40. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm has a 50-day moving average price of $28.92 and a 200 day moving average price of $29.62.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a dividend of $0.415 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 5.62%. VICI Properties’s dividend payout ratio (DPR) is presently 65.61%.

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.