SVB Wealth LLC Invests $242,000 in VICI Properties Inc. (NYSE:VICI)

SVB Wealth LLC purchased a new position in shares of VICI Properties Inc. (NYSE:VICI) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,585 shares of the company’s stock, valued at approximately $242,000.

Other hedge funds also recently bought and sold shares of the company. Avantax Advisory Services Inc. raised its holdings in shares of VICI Properties by 5.2% during the third quarter. Avantax Advisory Services Inc. now owns 7,877 shares of the company’s stock valued at $229,000 after acquiring an additional 387 shares during the last quarter. Redmont Wealth Advisors LLC boosted its position in shares of VICI Properties by 2.1% during the third quarter. Redmont Wealth Advisors LLC now owns 18,628 shares of the company’s stock worth $542,000 after buying an additional 391 shares during the period. Kingswood Wealth Advisors LLC boosted its position in shares of VICI Properties by 1.6% during the third quarter. Kingswood Wealth Advisors LLC now owns 24,410 shares of the company’s stock worth $710,000 after buying an additional 394 shares during the period. Bell Investment Advisors Inc boosted its position in shares of VICI Properties by 77.7% during the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after buying an additional 410 shares during the period. Finally, Larson Financial Group LLC boosted its position in shares of VICI Properties by 0.8% during the third quarter. Larson Financial Group LLC now owns 53,385 shares of the company’s stock worth $1,554,000 after buying an additional 435 shares during the period. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on VICI shares. Wells Fargo & Company decreased their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Mizuho decreased their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Finally, Morgan Stanley lifted their target price on VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $34.36.

VICI Properties Stock Up 0.6 %

VICI Properties stock opened at $28.05 on Tuesday. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.05. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. The company has a market capitalization of $29.26 billion, a P/E ratio of 11.31, a PEG ratio of 6.27 and a beta of 0.90. The stock has a 50-day simple moving average of $29.08 and a 200-day simple moving average of $29.62.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.92%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s dividend payout ratio is presently 66.94%.

Insider Buying and Selling at VICI Properties

In other VICI Properties news, Director James R. Abrahamson bought 3,000 shares of the company’s stock in a transaction on Thursday, March 14th. The shares were bought at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the transaction, the director now owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.25% of the stock is owned by company insiders.

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.