Corrado Advisors LLC Decreases Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Corrado Advisors LLC trimmed its position in VICI Properties Inc. (NYSE:VICI) by 2.5% during the 4th quarter, Holdings Channel reports. The institutional investor owned 31,504 shares of the company’s stock after selling 813 shares during the period. Corrado Advisors LLC’s holdings in VICI Properties were worth $1,004,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in VICI Properties in the fourth quarter valued at $167,000. Linden Thomas Advisory Services LLC boosted its holdings in VICI Properties by 6.2% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 76,186 shares of the company’s stock valued at $2,429,000 after acquiring an additional 4,420 shares in the last quarter. Larson Financial Group LLC boosted its holdings in VICI Properties by 1.7% in the fourth quarter. Larson Financial Group LLC now owns 54,280 shares of the company’s stock valued at $1,730,000 after acquiring an additional 895 shares in the last quarter. California Public Employees Retirement System boosted its holdings in VICI Properties by 7.3% in the fourth quarter. California Public Employees Retirement System now owns 2,587,851 shares of the company’s stock valued at $82,501,000 after acquiring an additional 176,231 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its holdings in VICI Properties by 5.8% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 13,230 shares of the company’s stock valued at $422,000 after acquiring an additional 730 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Up 1.9 %

VICI stock traded up $0.54 during trading on Tuesday, hitting $28.58. 8,838,386 shares of the stock traded hands, compared to its average volume of 6,211,478. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.05. The firm’s 50 day moving average is $29.08 and its two-hundred day moving average is $29.62. The stock has a market cap of $29.81 billion, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 6.27 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97.

VICI Properties Announces Dividend

The company also recently disclosed 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. This represents a $1.66 annualized dividend and a yield of 5.81%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is 66.94%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on VICI. Morgan Stanley upped their target price on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Wells Fargo & Company reduced their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Finally, Mizuho reduced their target price on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.36.

Insider Activity at VICI Properties

In other news, Director James R. Abrahamson acquired 3,000 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were bought at an average cost of $28.85 per share, with a total value of $86,550.00. Following the transaction, the director now owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is currently owned by insiders.

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.