8,034 Shares in VICI Properties Inc. (NYSE:VICI) Acquired by RBA Wealth Management LLC

RBA Wealth Management LLC bought a new stake in shares of VICI Properties Inc. (NYSE:VICI) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 8,034 shares of the company’s stock, valued at approximately $235,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of VICI. State Street Corp boosted its position in VICI Properties by 2.1% in the third quarter. State Street Corp now owns 55,548,393 shares of the company’s stock worth $1,873,869,000 after purchasing an additional 1,164,717 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of VICI Properties by 2.2% in the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock worth $945,712,000 after purchasing an additional 608,696 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after buying an additional 770,195 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of VICI Properties by 599.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after acquiring an additional 7,658,819 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in VICI Properties by 0.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 6,209,783 shares of the company’s stock valued at $206,848,000 after purchasing an additional 26,990 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on VICI shares. Truist Financial cut their price target on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a report on Monday, January 27th. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Mizuho decreased their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

VICI Properties Price Performance

VICI stock opened at $29.85 on Tuesday. The stock has a market cap of $31.46 billion, a price-to-earnings ratio of 11.05, a P/E/G ratio of 3.80 and a beta of 0.95. The company has a 50 day simple moving average of $30.03 and a 200 day simple moving average of $31.50. 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 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were issued a $0.4325 dividend. This represents a $1.73 annualized dividend and a dividend yield of 5.80%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio is 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.