VICI Properties Inc. (NYSE:VICI) Shares Sold by Future Financial Wealth Managment LLC

Future Financial Wealth Managment LLC decreased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 47.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,382 shares of the company’s stock after selling 4,000 shares during the quarter. Future Financial Wealth Managment LLC’s holdings in VICI Properties were worth $128,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of VICI. Acadian Asset Management LLC lifted its holdings in VICI Properties by 717.1% during the second quarter. Acadian Asset Management LLC now owns 32,121 shares of the company’s stock valued at $918,000 after purchasing an additional 28,190 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of VICI Properties during the second quarter valued at about $303,000. Choreo LLC increased its position in shares of VICI Properties by 108.7% during the second quarter. Choreo LLC now owns 21,740 shares of the company’s stock valued at $607,000 after acquiring an additional 11,321 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of VICI Properties by 11.3% during the second quarter. Envestnet Asset Management Inc. now owns 4,889,591 shares of the company’s stock valued at $140,038,000 after acquiring an additional 496,351 shares during the last quarter. Finally, Pinion Investment Advisors LLC boosted its stake in shares of VICI Properties by 16.6% in the second quarter. Pinion Investment Advisors LLC now owns 15,510 shares of the company’s stock valued at $444,000 after purchasing an additional 2,204 shares during the period. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on VICI. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 target price (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Wedbush lowered shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Barclays started coverage on shares of VICI Properties in a report on Friday. They issued an “overweight” rating and a $36.00 target price on the stock. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Mizuho dropped their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.25.

VICI Properties Trading Up 1.7 %

VICI traded up $0.47 on Monday, reaching $28.68. 2,844,552 shares of the company’s stock were exchanged, compared to its average volume of 7,701,247. The company’s 50 day moving average is $30.72 and its 200-day moving average is $31.41. The company has a market cap of $30.23 billion, a price-to-earnings ratio of 10.62, a PEG ratio of 4.12 and a beta of 0.94. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a yield of 6.03%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

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.