180 Wealth Advisors LLC Sells 416 Shares of VICI Properties Inc. (NYSE:VICI)

180 Wealth Advisors LLC decreased its position in VICI Properties Inc. (NYSE:VICI) by 4.8% during the fourth quarter, Holdings Channel reports. The fund owned 8,198 shares of the company’s stock after selling 416 shares during the period. 180 Wealth Advisors LLC’s holdings in VICI Properties were worth $239,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of VICI. Quarry LP increased its position in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after buying an additional 999 shares in the last quarter. Continuum Advisory LLC increased its position in VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after buying an additional 374 shares in the last quarter. UMB Bank n.a. increased its position in VICI Properties by 37.4% in the third quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after buying an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in VICI Properties by 512.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after buying an additional 1,630 shares in the last quarter. Finally, Harbor Capital Advisors Inc. purchased a new stake in VICI Properties in the third quarter worth about $67,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on VICI. Truist Financial reduced their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Barclays assumed coverage on VICI Properties in a research report on Friday, January 10th. They set an “overweight” rating and a $36.00 target price for the company. Finally, Mizuho cut their target price 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. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Stock Performance

NYSE VICI opened at $28.74 on Thursday. The stock has a market capitalization of $30.30 billion, a PE ratio of 10.64, a P/E/G ratio of 4.12 and a beta of 0.94. The business has a 50 day simple moving average of $30.56 and a two-hundred day simple moving average of $31.40. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 6.02%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio is presently 64.07%.

VICI Properties Company 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.