Phillips Wealth Planners LLC Sells 622 Shares of VICI Properties Inc. (NYSE:VICI)

Phillips Wealth Planners LLC decreased its holdings in VICI Properties Inc. (NYSE:VICI) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,599 shares of the company’s stock after selling 622 shares during the period. Phillips Wealth Planners LLC’s holdings in VICI Properties were worth $355,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. State Street Corp boosted its stake in VICI Properties by 2.1% during the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after buying an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC boosted its stake in VICI Properties by 2.2% during the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock valued at $945,712,000 after buying an additional 608,696 shares during the last quarter. Legal & General Group Plc boosted its stake in VICI Properties by 1.8% during the second quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock valued at $413,163,000 after buying an additional 251,313 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after buying an additional 770,195 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in VICI Properties by 599.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock valued at $297,685,000 after buying an additional 7,658,819 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 2.7 %

Shares of NYSE VICI opened at $29.45 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The business’s 50 day moving average price is $30.39 and its 200-day moving average price is $31.46. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a market cap of $31.04 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 3.86 and a beta of 0.94.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.87%. VICI Properties’s payout ratio is 64.07%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on VICI. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Barclays began coverage on VICI Properties in a research note on Friday, January 10th. They set an “overweight” rating and a $36.00 price target for the company. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Mizuho lowered their price objective on 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 equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.33.

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.