Signet Financial Management LLC Sells 689 Shares of VICI Properties Inc. (NYSE:VICI)

Signet Financial Management LLC lowered its position in VICI Properties Inc. (NYSE:VICI) by 0.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,277 shares of the company’s stock after selling 689 shares during the period. Signet Financial Management LLC’s holdings in VICI Properties were worth $2,336,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Bell Investment Advisors Inc grew its holdings in VICI Properties by 77.7% during the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after purchasing an additional 410 shares during the period. Alaska Permanent Fund Corp grew its holdings in VICI Properties by 87.4% during the third quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock valued at $29,000 after purchasing an additional 466 shares during the period. HBC Financial Services PLLC bought a new stake in VICI Properties during the fourth quarter valued at about $31,000. Blue Trust Inc. grew its holdings in VICI Properties by 455.3% during the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after purchasing an additional 938 shares during the period. Finally, ING Groep NV bought a new stake in VICI Properties during the third quarter valued at about $36,000. Institutional investors own 97.71% of the company’s stock.

Insider Activity

In other VICI Properties news, Director James R. Abrahamson bought 3,000 shares of the business’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average price of $28.85 per share, with a total value of $86,550.00. Following the completion of the purchase, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

VICI has been the subject of several recent research reports. Morgan Stanley boosted their price target on VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Mizuho cut their price target on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Finally, Wells Fargo & Company dropped their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Three investment 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.36.

VICI Properties Trading Down 1.7 %

Shares of VICI traded down $0.46 during mid-day trading on Tuesday, reaching $27.12. 2,972,203 shares of the company’s stock traded hands, compared to its average volume of 6,175,005. The stock has a market cap of $28.29 billion, a P/E ratio of 10.93, a P/E/G ratio of 6.27 and a beta of 0.90. The stock’s 50-day moving average is $29.30 and its two-hundred day moving average is $29.65. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $34.05. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a dividend of $0.415 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.12%. VICI Properties’s dividend payout ratio is 66.94%.

About VICI Properties

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.