Orion Portfolio Solutions LLC Sells 2,956 Shares of VICI Properties Inc. (NYSE:VICI)

Orion Portfolio Solutions LLC decreased its holdings in shares of VICI Properties Inc. (NYSE:VICIFree Report) by 7.7% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 35,302 shares of the company’s stock after selling 2,956 shares during the period. Orion Portfolio Solutions LLC’s holdings in VICI Properties were worth $1,133,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jump Financial LLC boosted its position in VICI Properties by 150.6% during the 3rd quarter. Jump Financial LLC now owns 21,466 shares of the company’s stock valued at $625,000 after acquiring an additional 12,901 shares in the last quarter. New York Life Investment Management LLC grew its stake in VICI Properties by 1.6% in the third quarter. New York Life Investment Management LLC now owns 144,869 shares of the company’s stock valued at $4,216,000 after purchasing an additional 2,245 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in VICI Properties by 5.2% in the third quarter. Avantax Advisory Services Inc. now owns 7,877 shares of the company’s stock valued at $229,000 after purchasing an additional 387 shares during the last quarter. Western Wealth Management LLC raised its holdings in VICI Properties by 8.1% in the third quarter. Western Wealth Management LLC now owns 24,301 shares of the company’s stock worth $707,000 after purchasing an additional 1,817 shares in the last quarter. Finally, J.P. Morgan Private Wealth Advisors LLC lifted its position in shares of VICI Properties by 3.6% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 306,488 shares of the company’s stock valued at $8,919,000 after buying an additional 10,686 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

Shares of VICI opened at $28.71 on Monday. The business’s 50-day moving average is $28.94 and its two-hundred day moving average is $29.75. The company has a market capitalization of $29.95 billion, a P/E ratio of 11.35, a P/E/G ratio of 2.35 and a beta of 0.91. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $33.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were issued a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.78%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is 65.61%.

Insider Buying and Selling at VICI Properties

In other news, Director James R. Abrahamson acquired 3,000 shares of the company’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 of the company’s stock, valued at $4,020,016.70. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 0.25% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on VICI. Morgan Stanley lifted their price target on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Mizuho boosted their target price on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Scotiabank upped their target price on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Finally, Wells Fargo & Company lowered their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.18.

View Our Latest Research Report on VICI Properties

VICI Properties Profile

(Free Report)

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.

Further Reading

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

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