Sivia Capital Partners LLC Has $1.31 Million Holdings in VICI Properties Inc. $VICI

Sivia Capital Partners LLC cut its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 35.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,343 shares of the company’s stock after selling 27,015 shares during the quarter. Sivia Capital Partners LLC’s holdings in VICI Properties were worth $1,310,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in VICI. Signaturefd LLC grew its position in VICI Properties by 24.1% during the second quarter. Signaturefd LLC now owns 22,929 shares of the company’s stock worth $609,000 after buying an additional 4,450 shares in the last quarter. Griffin Asset Management Inc. increased its stake in VICI Properties by 19.3% during the 2nd quarter. Griffin Asset Management Inc. now owns 22,320 shares of the company’s stock worth $593,000 after acquiring an additional 3,616 shares during the period. PFG Investments LLC raised its holdings in VICI Properties by 18.3% in the 2nd quarter. PFG Investments LLC now owns 8,963 shares of the company’s stock valued at $238,000 after acquiring an additional 1,384 shares in the last quarter. Castellan Group acquired a new position in VICI Properties in the 2nd quarter valued at $4,483,000. Finally, Columbus Macro LLC lifted its position in shares of VICI Properties by 6.0% during the 2nd quarter. Columbus Macro LLC now owns 191,879 shares of the company’s stock valued at $5,094,000 after acquiring an additional 10,785 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on VICI. Morgan Stanley decreased their price target on VICI Properties from $38.00 to $31.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 8th. Royal Bank Of Canada initiated coverage on shares of VICI Properties in a research note on Thursday, June 25th. They set a “sector perform” rating and a $29.00 price objective on the stock. Cantor Fitzgerald decreased their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft set a $30.00 price target on shares of VICI Properties in a report on Friday, July 31st. Finally, Scotiabank reduced their price target on shares of VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a research report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, VICI Properties has an average rating of “Hold” and a consensus price target of $31.29.

VICI Properties Price Performance

VICI Properties stock opened at $26.34 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. VICI Properties Inc. has a 52 week low of $25.82 and a 52 week high of $33.92. The stock has a market capitalization of $29.00 billion, a P/E ratio of 10.21 and a beta of 0.65. The stock has a fifty day moving average of $26.80 and a 200-day moving average of $27.92.

VICI Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were paid a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $1.80 annualized dividend and a yield of 6.8%. VICI Properties’s payout ratio is presently 69.77%.

About VICI Properties

VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.

The company’s portfolio is concentrated in major U.S.