Kingswood Wealth Advisors LLC Trims Stake in VICI Properties Inc. (NYSE:VICI)

Kingswood Wealth Advisors LLC lessened its position in VICI Properties Inc. (NYSE:VICI) by 2.3% in the first quarter, HoldingsChannel reports. The firm owned 26,368 shares of the company’s stock after selling 616 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in VICI Properties were worth $786,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Capital International Investors lifted its position in VICI Properties by 17.4% during the 4th quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock valued at $2,004,648,000 after acquiring an additional 9,317,582 shares during the period. Cohen & Steers Inc. lifted its holdings in shares of VICI Properties by 132.0% during the fourth quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock valued at $1,108,993,000 after purchasing an additional 19,788,229 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of VICI Properties by 0.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,533,937 shares of the company’s stock worth $510,238,000 after purchasing an additional 86,084 shares in the last quarter. Norges Bank purchased a new stake in shares of VICI Properties in the 4th quarter worth approximately $460,431,000. Finally, Dimensional Fund Advisors LP raised its stake in VICI Properties by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 14,294,012 shares of the company’s stock valued at $455,700,000 after buying an additional 84,662 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

VICI traded up $0.06 during trading on Wednesday, hitting $28.01. The company’s stock had a trading volume of 4,066,147 shares, compared to its average volume of 6,264,380. VICI Properties Inc. has a one year low of $26.63 and a one year high of $33.40. The business’s 50 day simple moving average is $28.72 and its 200-day simple moving average is $29.61. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm has a market cap of $29.22 billion, a PE ratio of 11.07, a P/E/G ratio of 2.29 and a beta of 0.91.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th will be given a dividend of $0.415 per share. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.93%. VICI Properties’s payout ratio is currently 65.61%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wells Fargo & Company reduced their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Morgan Stanley reissued an “equal weight” rating and set a $33.00 price target on shares of VICI Properties in a research report on Friday, June 21st. Scotiabank increased their target price on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Finally, Mizuho upped their price target on VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a report on Friday, May 10th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.50.

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.