Strategic Investment Advisors MI Sells 1,092 Shares of VICI Properties Inc. (NYSE:VICI)

Strategic Investment Advisors MI lowered its stake in VICI Properties Inc. (NYSE:VICI) by 2.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,391 shares of the company’s stock after selling 1,092 shares during the quarter. Strategic Investment Advisors MI’s holdings in VICI Properties were worth $1,414,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Linden Thomas Advisory Services LLC increased its stake in VICI Properties by 6.3% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 122,073 shares of the company’s stock valued at $3,566,000 after purchasing an additional 7,260 shares in the last quarter. Fifth Third Bancorp increased its stake in VICI Properties by 3.3% during the 4th quarter. Fifth Third Bancorp now owns 45,958 shares of the company’s stock valued at $1,342,000 after purchasing an additional 1,462 shares in the last quarter. Sound Income Strategies LLC increased its stake in VICI Properties by 8.8% during the 4th quarter. Sound Income Strategies LLC now owns 493,942 shares of the company’s stock valued at $14,428,000 after purchasing an additional 39,898 shares in the last quarter. Secure Asset Management LLC increased its stake in VICI Properties by 11.7% during the 4th quarter. Secure Asset Management LLC now owns 55,446 shares of the company’s stock valued at $1,620,000 after purchasing an additional 5,818 shares in the last quarter. Finally, Chesley Taft & Associates LLC bought a new stake in VICI Properties during the 4th quarter valued at $224,000. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a report on Wednesday, December 11th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Barclays initiated coverage on shares of VICI Properties in a report on Friday, January 10th. They set an “overweight” rating and a $36.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Moderate Buy” and an average target price of $34.33.

VICI Properties Trading Up 1.1 %

Shares of VICI Properties stock opened at $29.61 on Monday. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The stock’s 50-day simple moving average is $30.31 and its 200 day simple moving average is $31.51. The stock has a market capitalization of $31.22 billion, a P/E ratio of 10.97, a P/E/G ratio of 3.76 and a beta of 0.94. 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.84%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio is currently 64.07%.

VICI Properties Company 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.