VICI Properties Inc. (NYSE:VICI) Shares Sold by Moran Wealth Management LLC

Moran Wealth Management LLC lowered its position in VICI Properties Inc. (NYSE:VICI) by 21.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,414 shares of the company’s stock after selling 18,963 shares during the period. Moran Wealth Management LLC’s holdings in VICI Properties were worth $2,245,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. New York Life Investment Management LLC lifted its position in VICI Properties by 4.4% in the first quarter. New York Life Investment Management LLC now owns 142,450 shares of the company’s stock valued at $4,647,000 after purchasing an additional 5,970 shares during the period. Wedbush Securities Inc. lifted its position in VICI Properties by 3.7% in the first quarter. Wedbush Securities Inc. now owns 97,758 shares of the company’s stock valued at $3,189,000 after purchasing an additional 3,522 shares during the period. Wilsey Asset Management Inc. lifted its position in VICI Properties by 1.7% in the second quarter. Wilsey Asset Management Inc. now owns 711,681 shares of the company’s stock valued at $22,368,000 after purchasing an additional 12,165 shares during the period. Simplicity Solutions LLC lifted its position in VICI Properties by 9.6% in the second quarter. Simplicity Solutions LLC now owns 64,641 shares of the company’s stock valued at $2,032,000 after purchasing an additional 5,640 shares during the period. Finally, Lasalle Investment Management Securities LLC increased its holdings in VICI Properties by 4.4% in the first quarter. Lasalle Investment Management Securities LLC now owns 3,263,435 shares of the company’s stock valued at $106,453,000 after buying an additional 136,045 shares in the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

VICI Properties Stock Up 0.1 %

Shares of VICI opened at $28.60 on Tuesday. The firm has a market cap of $29.59 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.86 and a beta of 0.97. The company’s fifty day moving average is $28.96 and its two-hundred day moving average is $30.55. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $35.07. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.68.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 5th. Investors of record on Thursday, September 21st were issued a dividend of $0.415 per share. This is a positive change from VICI Properties’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Wednesday, September 20th. This represents a $1.66 annualized dividend and a dividend yield of 5.80%. VICI Properties’s payout ratio is presently 69.46%.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of research analyst reports. Wedbush initiated coverage on shares of VICI Properties in a report on Tuesday, October 3rd. They issued a “neutral” rating and a $31.00 target price for the company. JMP Securities dropped their price objective on shares of VICI Properties from $38.00 to $34.00 and set a “market outperform” rating for the company in a research note on Monday, October 16th. Wells Fargo & Company started coverage on shares of VICI Properties in a research note on Wednesday, September 20th. They set an “overweight” rating and a $36.00 price objective for the company. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $32.00 target price on shares of VICI Properties in a research note on Tuesday, August 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and a consensus price target of $35.36.

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.