Signet Financial Management LLC Trims Stake in VICI Properties Inc. (NYSE:VICI)

Signet Financial Management LLC lowered its position in VICI Properties Inc. (NYSE:VICI) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,671 shares of the company’s stock after selling 1,678 shares during the quarter. Signet Financial Management LLC’s holdings in VICI Properties were worth $2,123,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Rockefeller Capital Management L.P. lifted its holdings in shares of VICI Properties by 8.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after acquiring an additional 40,733 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after purchasing an additional 770,195 shares in the last quarter. Modus Advisors LLC purchased a new position in shares of VICI Properties during the 4th quarter valued at about $2,261,000. Handelsbanken Fonder AB lifted its position in VICI Properties by 8.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock worth $19,781,000 after buying an additional 47,953 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new stake in VICI Properties in the second quarter worth approximately $557,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 1.9 %

Shares of VICI Properties stock traded up $0.55 during midday trading on Monday, reaching $28.76. 5,433,628 shares of the company’s stock traded hands, compared to its average volume of 8,123,249. The stock has a 50 day moving average of $30.72 and a 200-day moving average of $31.41. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a market cap of $30.32 billion, a PE ratio of 10.65, a price-to-earnings-growth ratio of 4.12 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 6.02%. VICI Properties’s dividend payout ratio (DPR) is presently 64.07%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on VICI. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research report on Wednesday, December 11th. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Barclays started coverage on VICI Properties in a research report on Friday. They issued an “overweight” rating and a $36.00 price objective for the company. Finally, Mizuho lowered their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.25.

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.