High Note Wealth LLC Increases Stake in VICI Properties Inc. (NYSE:VICI)

High Note Wealth LLC raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 2.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 47,307 shares of the company’s stock after acquiring an additional 1,212 shares during the period. High Note Wealth LLC’s holdings in VICI Properties were worth $1,508,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Tectonic Advisors LLC boosted its position in shares of VICI Properties by 10.2% during the 4th quarter. Tectonic Advisors LLC now owns 128,840 shares of the company’s stock valued at $4,107,000 after acquiring an additional 11,915 shares during the last quarter. Kingswood Wealth Advisors LLC lifted its position in VICI Properties by 10.5% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 26,984 shares of the company’s stock worth $860,000 after buying an additional 2,574 shares during the last quarter. Pacer Advisors Inc. lifted its position in VICI Properties by 180.4% in the fourth quarter. Pacer Advisors Inc. now owns 178,668 shares of the company’s stock worth $5,696,000 after buying an additional 114,943 shares during the last quarter. Strategic Wealth Investment Group LLC bought a new stake in VICI Properties in the fourth quarter worth $348,000. Finally, Premier Path Wealth Partners LLC bought a new stake in VICI Properties in the fourth quarter worth $446,000. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Wedbush restated a “neutral” rating and issued a $30.00 price target on shares of VICI Properties in a research report on Thursday, December 14th. Mizuho decreased their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Morgan Stanley lifted their target price on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. KeyCorp decreased their target price on VICI Properties from $36.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, December 13th. Finally, Wells Fargo & Company decreased their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $34.58.

Insider Transactions at VICI Properties

In related news, Director James R. Abrahamson bought 3,000 shares of the stock in a transaction on Thursday, March 14th. The shares were bought at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the purchase, the director now owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.25% of the company’s stock.

VICI Properties Price Performance

Shares of NYSE VICI opened at $29.75 on Thursday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.05. The firm has a market capitalization of $31.03 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 6.42 and a beta of 0.90. The stock’s 50-day simple moving average is $29.65 and its 200-day simple moving average is $29.79.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st will be given a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend is Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 66.94%.

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.