Sheaff Brock Investment Advisors LLC Lowers Position in VICI Properties Inc. (NYSE:VICI)

Sheaff Brock Investment Advisors LLC lessened its stake in VICI Properties Inc. (NYSE:VICI) by 1.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,016 shares of the company’s stock after selling 549 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in VICI Properties were worth $1,311,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of VICI. HBC Financial Services PLLC purchased a new stake in VICI Properties during the fourth quarter valued at $31,000. Tucker Asset Management LLC raised its stake in VICI Properties by 1,888.9% during the fourth quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock valued at $34,000 after purchasing an additional 1,020 shares in the last quarter. Blue Trust Inc. raised its stake 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 in the last quarter. Quarry LP raised its stake in VICI Properties by 143.1% during the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after purchasing an additional 741 shares in the last quarter. Finally, Planned Solutions Inc. purchased a new stake in VICI Properties during the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on VICI. Scotiabank upped their price target on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Morgan Stanley reiterated an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Finally, Mizuho boosted their price objective on shares of VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties currently has an average rating of “Moderate Buy” and an average target price of $33.44.

VICI Properties Trading Up 1.3 %

Shares of NYSE VICI traded up $0.41 during mid-day trading on Friday, reaching $30.89. The company had a trading volume of 5,112,213 shares, compared to its average volume of 6,263,748. The business’s 50-day moving average is $28.79 and its 200-day moving average is $29.26. The stock has a market cap of $32.22 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 2.67 and a beta of 0.92. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $33.40.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th were issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s payout ratio is presently 65.61%.

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.