Sivia Capital Partners LLC Sells 27,015 Shares of VICI Properties Inc. $VICI

Sivia Capital Partners LLC lowered its stake in VICI Properties Inc. (NYSE:VICI) by 35.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 49,343 shares of the company’s stock after selling 27,015 shares during the period. Sivia Capital Partners LLC’s holdings in VICI Properties were worth $1,310,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bayban acquired a new position in shares of VICI Properties during the fourth quarter worth $25,000. Dynamic Wealth Strategies LLC acquired a new stake in shares of VICI Properties during the 1st quarter valued at $25,000. State of Wyoming acquired a new stake in shares of VICI Properties during the 2nd quarter valued at $26,000. Evolution Wealth Management Inc. bought a new stake in VICI Properties during the 4th quarter worth $28,000. Finally, Headlands Technologies LLC bought a new stake in VICI Properties during the 2nd quarter worth $28,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

NYSE VICI opened at $26.34 on Friday. The company has a market capitalization of $29.00 billion, a price-to-earnings ratio of 10.21 and a beta of 0.65. VICI Properties Inc. has a twelve month low of $25.82 and a twelve month high of $33.92. The stock has a fifty day simple moving average of $26.80 and a 200 day simple moving average of $27.92. The company has a quick ratio of 1.98, a current ratio of 1.98 and a debt-to-equity ratio of 0.57.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date was Thursday, June 18th. VICI Properties’s payout ratio is 69.77%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on VICI shares. Wells Fargo & Company lowered their target price on VICI Properties from $29.00 to $27.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Raymond James Financial set a $29.00 price target on VICI Properties in a report on Thursday. Cantor Fitzgerald lowered their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday. Scotiabank lowered their price objective on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating for the company in a research note on Thursday, June 18th. Finally, Royal Bank Of Canada assumed coverage on shares of VICI Properties in a report on Thursday, June 25th. They issued a “sector perform” rating and a $29.00 price objective for the company. Six research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.29.

VICI Properties Profile

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.