Teamwork Financial Advisors LLC Cuts Position in VICI Properties Inc. (NYSE:VICI)

Teamwork Financial Advisors LLC reduced its stake in VICI Properties Inc. (NYSE:VICI) by 12.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 19,243 shares of the company’s stock after selling 2,749 shares during the quarter. Teamwork Financial Advisors LLC’s holdings in VICI Properties were worth $562,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Chesley Taft & Associates LLC purchased a new position in VICI Properties in the fourth quarter worth about $224,000. Royal Fund Management LLC purchased a new stake in VICI Properties during the 4th quarter valued at $2,343,000. Ulland Investment Advisors LLC bought a new stake in shares of VICI Properties in the 4th quarter worth $167,000. Verity & Verity LLC lifted its holdings in shares of VICI Properties by 16.8% during the fourth quarter. Verity & Verity LLC now owns 499,056 shares of the company’s stock valued at $14,577,000 after purchasing an additional 71,879 shares in the last quarter. Finally, Merit Financial Group LLC purchased a new stake in shares of VICI Properties during the fourth quarter valued at $693,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VICI. Barclays began coverage on shares of VICI Properties in a research note on Friday, January 10th. They set an “overweight” rating and a $36.00 target price on the stock. Mizuho cut their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Truist Financial lowered their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. Wells Fargo & Company reaffirmed 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. Finally, KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.33.

VICI Properties Stock Down 2.7 %

Shares of VICI stock opened at $29.45 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The company’s fifty day moving average price is $30.39 and its 200-day moving average price is $31.46. The company has a market capitalization of $31.04 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 3.86 and a beta of 0.94.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

VICI Properties 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.