Beverly Hills Private Wealth LLC Has $293,000 Stock Position in VICI Properties Inc. (NYSE:VICI)

Beverly Hills Private Wealth LLC lowered its holdings in VICI Properties Inc. (NYSE:VICI) by 8.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,206 shares of the company’s stock after selling 877 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in VICI Properties were worth $293,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. RB Capital Management LLC grew its holdings in shares of VICI Properties by 19.5% during the 1st quarter. RB Capital Management LLC now owns 20,921 shares of the company’s stock worth $595,000 after purchasing an additional 3,415 shares in the last quarter. Private Advisor Group LLC acquired a new stake in shares of VICI Properties during the 1st quarter worth approximately $357,000. MetLife Investment Management LLC acquired a new stake in shares of VICI Properties during the 1st quarter worth approximately $358,000. Great West Life Assurance Co. Can grew its holdings in shares of VICI Properties by 0.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 144,291 shares of the company’s stock worth $4,334,000 after purchasing an additional 485 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in shares of VICI Properties by 11.9% during the 1st quarter. Yousif Capital Management LLC now owns 36,900 shares of the company’s stock worth $1,050,000 after purchasing an additional 3,938 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on VICI. Wells Fargo & Company decreased their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, March 6th. 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 report on Thursday, March 7th. Finally, Morgan Stanley raised their target price 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. Three equities 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $34.36.

Insider Buying and Selling at VICI Properties

In other VICI Properties news, Director James R. Abrahamson acquired 3,000 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the transaction, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

VICI Properties Trading Down 1.3 %

Shares of VICI opened at $27.59 on Tuesday. The stock has a fifty day moving average price of $29.30 and a two-hundred day moving average price of $29.65. 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 Inc. has a 52-week low of $26.63 and a 52-week high of $34.05. The company has a market cap of $28.78 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 6.27 and a beta of 0.90.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a $0.415 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 annualized dividend and a yield of 6.02%. VICI Properties’s payout ratio is 66.94%.

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.