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

SRH Advisors LLC lowered its position in VICI Properties Inc. (NYSE:VICI) by 18.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,464 shares of the company’s stock after selling 1,229 shares during the period. SRH Advisors LLC’s holdings in VICI Properties were worth $160,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of VICI. Carmel Capital Partners LLC grew its position in shares of VICI Properties by 1.0% in the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock valued at $1,177,000 after purchasing an additional 367 shares during the last quarter. Continuum Advisory LLC lifted its stake in VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after buying an additional 374 shares in the last quarter. Center For Asset Management LLC lifted its stake in VICI Properties by 2.3% in the 4th quarter. Center For Asset Management LLC now owns 19,246 shares of the company’s stock valued at $562,000 after buying an additional 426 shares in the last quarter. Insight Folios Inc grew its holdings in VICI Properties by 2.5% during the 3rd quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock valued at $601,000 after buying an additional 433 shares during the last quarter. Finally, Quent Capital LLC increased its position in VICI Properties by 27.1% during the fourth quarter. Quent Capital LLC now owns 2,194 shares of the company’s stock worth $64,000 after buying an additional 468 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

NYSE:VICI opened at $29.93 on Wednesday. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The firm’s 50 day moving average is $29.75 and its two-hundred day moving average is $31.48. The company has a market cap of $31.55 billion, a P/E ratio of 11.08, a P/E/G ratio of 3.80 and a beta of 0.95. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.78%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is currently 64.07%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Barclays reduced their price objective on VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Truist Financial reduced their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Mizuho lowered their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $34.22.

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.