VICI Properties Inc. (NYSE:VICI) Shares Sold by Premier Path Wealth Partners LLC

Premier Path Wealth Partners LLC decreased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 13.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,087 shares of the company’s stock after selling 1,759 shares during the period. Premier Path Wealth Partners LLC’s holdings in VICI Properties were worth $324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Verity & Verity LLC boosted its holdings in VICI Properties by 16.8% in the 4th quarter. Verity & Verity LLC now owns 499,056 shares of the company’s stock worth $14,577,000 after buying an additional 71,879 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of VICI Properties in the fourth quarter worth approximately $693,000. Walker Asset Management LLC boosted its stake in shares of VICI Properties by 8.0% in the fourth quarter. Walker Asset Management LLC now owns 8,137 shares of the company’s stock worth $238,000 after acquiring an additional 600 shares during the last quarter. Border to Coast Pensions Partnership Ltd raised its stake in VICI Properties by 40.0% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock valued at $13,282,000 after purchasing an additional 130,000 shares during the last quarter. Finally, Empirical Asset Management LLC purchased a new position in VICI Properties in the 4th quarter valued at $1,141,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Up 0.3 %

Shares of VICI opened at $29.36 on Friday. The company’s 50-day moving average price is $30.48 and its 200 day moving average price is $31.42. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market cap of $30.95 billion, a P/E ratio of 10.87, a price-to-earnings-growth ratio of 3.60 and a beta of 0.94.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.89%. VICI Properties’s dividend payout ratio is currently 64.07%.

Analysts Set New Price Targets

Several analysts recently issued reports on VICI shares. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Mizuho dropped their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Truist Financial reduced their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.33.

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.