Valley Wealth Managers Inc. Lowers Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Valley Wealth Managers Inc. reduced its position in VICI Properties Inc. (NYSE:VICI) by 8.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 113,870 shares of the company’s stock after selling 10,564 shares during the period. Valley Wealth Managers Inc.’s holdings in VICI Properties were worth $3,326,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new stake in shares of VICI Properties during the 4th quarter valued at $33,000. Atria Wealth Solutions Inc. grew its stake in shares of VICI Properties by 145.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 40,722 shares of the company’s stock valued at $1,189,000 after buying an additional 24,159 shares during the period. Venturi Wealth Management LLC grew its stake in shares of VICI Properties by 64.1% during the 4th quarter. Venturi Wealth Management LLC now owns 1,103 shares of the company’s stock valued at $32,000 after buying an additional 431 shares during the period. D.A. Davidson & CO. grew its stake in shares of VICI Properties by 3.2% during the 4th quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock valued at $321,000 after buying an additional 340 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of VICI Properties by 2.9% during the 4th quarter. CIBC Asset Management Inc now owns 235,956 shares of the company’s stock valued at $6,892,000 after buying an additional 6,700 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on VICI shares. Mizuho lowered 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. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Truist Financial reduced their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Barclays reduced their target price on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Finally, JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a report on Monday, January 27th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Stock Performance

Shares of VICI stock opened at $30.39 on Tuesday. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The firm has a market capitalization of $32.04 billion, a P/E ratio of 11.26, a P/E/G ratio of 3.80 and a beta of 0.95. The company’s fifty day moving average price is $29.63 and its two-hundred day moving average price is $31.45.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.69%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s payout ratio is currently 64.07%.

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.