VICI Properties Inc. (NYSE:VICI) Shares Sold by Signet Financial Management LLC

Signet Financial Management LLC lessened its stake in VICI Properties Inc. (NYSE:VICI) by 0.9% in the 4th quarter, HoldingsChannel.com reports. The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Bell Investment Advisors Inc boosted its stake in VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after acquiring an additional 410 shares in the last quarter. Alaska Permanent Fund Corp boosted its stake 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 acquiring an additional 466 shares in the last quarter. HBC Financial Services PLLC acquired a new position in VICI Properties in the fourth quarter valued at $31,000. Blue Trust Inc. raised its holdings 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 during the last quarter. Finally, ING Groep NV purchased a new stake in shares of VICI Properties in the third quarter valued at about $36,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on VICI. Mizuho reduced their target price on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Wells Fargo & Company reduced their target price 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. 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 report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.36.

Insider Buying and Selling at VICI Properties

In other VICI Properties news, Director James R. Abrahamson purchased 3,000 shares of the stock in a transaction dated Thursday, March 14th. The shares were acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the transaction, the director now directly owns 139,342 shares of the company’s stock, valued at $4,020,016.70. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.25% of the stock is currently owned by corporate insiders.

VICI Properties Price Performance

VICI Properties stock traded down $0.46 during mid-day trading on Tuesday, reaching $27.12. The company had a trading volume of 2,972,203 shares, compared to its average volume of 6,175,005. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year 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. The company has a market capitalization 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 simple moving average is $29.30 and its 200-day simple moving average is $29.65.

VICI Properties Dividend Announcement

The business also recently announced 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 dividend on an annualized basis and a yield of 6.12%. VICI Properties’s dividend payout ratio (DPR) is presently 66.94%.

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.