VICI Properties Inc. (NYSE:VICI) Shares Sold by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC trimmed its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 1.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,016 shares of the company’s stock after selling 549 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in VICI Properties were worth $1,311,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of VICI. Cohen & Steers Inc. grew its position in VICI Properties by 132.0% in the 4th quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock valued at $1,108,993,000 after acquiring an additional 19,788,229 shares in the last quarter. Norges Bank acquired a new position in VICI Properties in the 4th quarter valued at about $460,431,000. Capital International Investors grew its position in VICI Properties by 17.4% in the 4th quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock valued at $2,004,648,000 after acquiring an additional 9,317,582 shares in the last quarter. Vanguard Group Inc. grew its position in VICI Properties by 4.6% in the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after acquiring an additional 6,755,553 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in VICI Properties by 37.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock valued at $337,029,000 after acquiring an additional 3,109,028 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on VICI. Scotiabank lifted their target price on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Mizuho lifted their target price on VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and an average target price of $33.44.

VICI Properties Trading Up 1.3 %

VICI stock traded up $0.41 during trading on Friday, hitting $30.89. 5,112,213 shares of the company’s stock were exchanged, compared to its average volume of 6,263,748. The business has a 50-day moving average price of $28.79 and a two-hundred day moving average price of $29.26. The stock has a market capitalization of $32.22 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 2.67 and a beta of 0.92. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $33.40.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th were paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a yield of 5.37%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s payout ratio is 65.61%.

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.