Sigma Planning Corp Sells 6,322 Shares of VICI Properties Inc. (NYSE:VICI)

Sigma Planning Corp reduced its position in shares of VICI Properties Inc. (NYSE:VICI) by 41.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,768 shares of the company’s stock after selling 6,322 shares during the quarter. Sigma Planning Corp’s holdings in VICI Properties were worth $280,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bell Investment Advisors Inc boosted its position in shares of VICI Properties by 77.7% during the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after acquiring an additional 410 shares during the last quarter. Alaska Permanent Fund Corp boosted its position in shares of VICI Properties by 87.4% during the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock valued at $29,000 after acquiring an additional 466 shares during the last quarter. HBC Financial Services PLLC bought a new position in shares of VICI Properties during the 4th quarter valued at approximately $31,000. ING Groep NV bought a new position in shares of VICI Properties during the 3rd quarter valued at approximately $36,000. Finally, Blue Trust Inc. boosted its position in shares of VICI Properties by 455.3% during the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after acquiring an additional 938 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

VICI has been the subject of a number of analyst reports. Mizuho lowered their price target on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Wells Fargo & Company lowered their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Finally, Morgan Stanley raised their price target on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.36.

VICI Properties Stock Performance

VICI stock opened at $28.47 on Friday. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The business’s fifty day simple moving average is $29.01 and its two-hundred day simple moving average is $29.60. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $34.05. The firm has a market cap of $29.70 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 6.40 and a beta of 0.90.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were paid a $0.415 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 5.83%. VICI Properties’s payout ratio is 66.94%.

Insiders Place Their Bets

In other VICI Properties news, Director James R. Abrahamson bought 3,000 shares of VICI Properties stock in a transaction on Thursday, March 14th. The shares were acquired at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the purchase, the director now directly owns 139,342 shares in the company, valued at approximately $4,020,016.70. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.25% of the company’s stock.

About VICI Properties

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.