LVW Advisors LLC Trims Holdings in VICI Properties Inc. (NYSE:VICI)

LVW Advisors LLC reduced its position in VICI Properties Inc. (NYSE:VICI) by 9.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,408 shares of the company’s stock after selling 2,453 shares during the quarter. LVW Advisors LLC’s holdings in VICI Properties were worth $655,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in VICI. Quarry LP lifted its holdings in shares of VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares during the last quarter. Continuum Advisory LLC boosted its holdings in shares of VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares in the last quarter. UMB Bank n.a. increased its position in shares of VICI Properties by 37.4% during the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock valued at $63,000 after purchasing an additional 512 shares during the period. Brown Brothers Harriman & Co. lifted its holdings in VICI Properties by 512.6% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after acquiring an additional 1,630 shares during the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in VICI Properties during the third quarter worth approximately $67,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $29.36 on Tuesday. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The business’s 50-day moving average price is $30.45 and its two-hundred day moving average price is $31.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market capitalization 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.89%. VICI Properties’s dividend payout ratio is currently 64.07%.

Wall Street Analysts Forecast Growth

VICI has been the subject of several research reports. Mizuho reduced their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Barclays started coverage on shares of VICI Properties in a research note on Friday, January 10th. They set an “overweight” rating and a $36.00 price objective for the company. JMP Securities reissued a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research report on Wednesday, December 11th. Finally, Truist Financial reduced their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

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.