Vestmark Advisory Solutions Inc. Lowers Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Vestmark Advisory Solutions Inc. decreased its stake in VICI Properties Inc. (NYSE:VICI) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,891 shares of the company’s stock after selling 1,480 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in VICI Properties were worth $570,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Bell Investment Advisors Inc boosted its position in shares of VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after acquiring an additional 410 shares during the last quarter. Alaska Permanent Fund Corp raised its position in VICI Properties by 87.4% in 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 acquired a new position in shares of VICI Properties during the fourth quarter worth about $31,000. Blue Trust Inc. grew its stake in shares of VICI Properties by 455.3% in the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after buying an additional 938 shares in the last quarter. Finally, ING Groep NV purchased a new stake in shares of VICI Properties during the 3rd quarter valued at about $36,000. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Stock Performance

NYSE:VICI traded down $0.02 during trading hours on Monday, hitting $28.78. 1,034,737 shares of the company traded hands, compared to its average volume of 6,224,286. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. The stock has a market capitalization of $30.02 billion, a price-to-earnings ratio of 11.38, a P/E/G ratio of 6.47 and a beta of 0.90. The firm has a 50-day moving average of $28.92 and a 200 day moving average of $29.60. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $33.40.

VICI Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a $0.415 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 annualized dividend and a yield of 5.77%. VICI Properties’s dividend payout ratio (DPR) is 65.61%.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on VICI shares. Wells Fargo & Company lowered their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Mizuho reduced their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Finally, Morgan Stanley upped their target price on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a research note on Monday, March 18th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $34.10.

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.