20,546 VICI Properties Inc. $VICI Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC lessened its position in VICI Properties Inc. (NYSE:VICI) by 8.4% in the third quarter, HoldingsChannel reports. The firm owned 224,003 shares of the company’s stock after selling 20,546 shares during the quarter. Kestra Advisory Services LLC’s holdings in VICI Properties were worth $5,145,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Pathway Financial Advisers LLC boosted its holdings in shares of VICI Properties by 7.0% during the 3rd quarter. Pathway Financial Advisers LLC now owns 126,807 shares of the company’s stock valued at $2,913,000 after buying an additional 8,298 shares in the last quarter. Chicago Partners Investment Group LLC grew its position in shares of VICI Properties by 1,196.6% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 238,360 shares of the company’s stock worth $5,663,000 after buying an additional 219,976 shares during the period. Covestor Ltd grew its position in shares of VICI Properties by 65.9% in the 3rd quarter. Covestor Ltd now owns 9,116 shares of the company’s stock worth $209,000 after buying an additional 3,621 shares during the period. Ascent Group LLC grew its position in shares of VICI Properties by 36.5% in the 3rd quarter. Ascent Group LLC now owns 20,599 shares of the company’s stock worth $473,000 after buying an additional 5,504 shares during the period. Finally, 3Chopt Investment Partners LLC increased its stake in shares of VICI Properties by 4.2% in the 3rd quarter. 3Chopt Investment Partners LLC now owns 25,792 shares of the company’s stock worth $604,000 after acquiring an additional 1,049 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on VICI. Scotiabank cut their price objective on shares of VICI Properties from $29.00 to $26.00 and set a “sector perform” rating on the stock in a report on Thursday, September 24th. Citizens Jmp decreased their target price on shares of VICI Properties from $35.00 to $31.00 and set a “market outperform” rating for the company in a research note on Friday, October 2nd. Evercore set a $30.00 target price on shares of VICI Properties in a report on Monday, September 21st. Mizuho dropped their price target on VICI Properties from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 2nd. Finally, Truist Financial cut their price target on VICI Properties from $38.00 to $32.00 and set a “buy” rating on the stock in a research note on Tuesday, October 20th. Eight research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $29.46.

VICI Properties Stock Down 0.6%

VICI Properties stock opened at $24.79 on Friday. VICI Properties Inc. has a one year low of $22.42 and a one year high of $30.83. The stock has a fifty day moving average of $23.96 and a 200 day moving average of $26.80. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.35 and a current ratio of 2.35. The stock has a market cap of $27.29 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 1.99 and a beta of 0.64.

VICI Properties (NYSE:VICI) last released its quarterly earnings results on Wednesday, October 28th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.41). The business had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.06 billion. VICI Properties had a return on equity of 8.10% and a net margin of 56.46%. The firm’s revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.60 earnings per share. As a group, sell-side analysts predict that VICI Properties Inc. will post 2.47 EPS for the current year.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 8th. Shareholders of record on Thursday, September 17th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date was Thursday, September 17th. This is a boost from VICI Properties’s previous quarterly dividend of $0.45. VICI Properties’s dividend payout ratio (DPR) is currently 84.40%.

VICI Properties Profile

VICI Properties Inc. is a real estate investment trust that owns experiential properties, with a portfolio focused primarily on casinos and other gaming-related destinations. Its properties include gaming facilities, hotels, restaurants and entertainment venues. The company leases its properties to operators under long-term agreements, generally structured as triple-net leases, in which tenants are responsible for expenses such as property taxes, insurance and maintenance. VICI also owns golf courses and other leisure-related properties.