Exchange Traded Concepts LLC Cuts Stake in VICI Properties Inc. (NYSE:VICI)

Exchange Traded Concepts LLC decreased its stake in VICI Properties Inc. (NYSE:VICI) by 14.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 109,795 shares of the company’s stock after selling 19,168 shares during the period. Exchange Traded Concepts LLC’s holdings in VICI Properties were worth $3,207,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Sound Income Strategies LLC increased its stake in VICI Properties by 8.8% during the 4th quarter. Sound Income Strategies LLC now owns 493,942 shares of the company’s stock worth $14,428,000 after buying an additional 39,898 shares during the period. Secure Asset Management LLC grew its stake in shares of VICI Properties by 11.7% during the fourth quarter. Secure Asset Management LLC now owns 55,446 shares of the company’s stock valued at $1,620,000 after acquiring an additional 5,818 shares in the last quarter. Chesley Taft & Associates LLC purchased a new stake in shares of VICI Properties during the fourth quarter worth about $224,000. Royal Fund Management LLC acquired a new position in shares of VICI Properties in the fourth quarter worth about $2,343,000. Finally, Ulland Investment Advisors LLC purchased a new position in VICI Properties in the fourth quarter valued at about $167,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on VICI. Truist Financial dropped their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. 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, Mizuho reduced their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

VICI Properties Price Performance

Shares of NYSE:VICI opened at $29.61 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a 50-day simple moving average of $30.31 and a 200 day simple moving average of $31.48. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a market cap of $31.22 billion, a PE ratio of 10.97, a P/E/G ratio of 3.76 and a beta of 0.94.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is 64.07%.

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.