Avestar Capital LLC Has $282,000 Holdings in VICI Properties Inc. (NYSE:VICI)

Avestar Capital LLC boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 26.8% in the fourth quarter, HoldingsChannel reports. The firm owned 9,639 shares of the company’s stock after acquiring an additional 2,040 shares during the period. Avestar Capital LLC’s holdings in VICI Properties were worth $282,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VICI. Creative Planning increased its holdings in VICI Properties by 4.2% during the 3rd quarter. Creative Planning now owns 74,125 shares of the company’s stock valued at $2,469,000 after purchasing an additional 2,971 shares in the last quarter. Teamwork Financial Advisors LLC increased its holdings in VICI Properties by 38.7% during the 3rd quarter. Teamwork Financial Advisors LLC now owns 21,992 shares of the company’s stock valued at $733,000 after purchasing an additional 6,136 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in VICI Properties by 5.8% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 307,024 shares of the company’s stock valued at $10,227,000 after purchasing an additional 16,843 shares in the last quarter. V Square Quantitative Management LLC increased its holdings in VICI Properties by 8.8% during the 3rd quarter. V Square Quantitative Management LLC now owns 11,830 shares of the company’s stock valued at $394,000 after purchasing an additional 954 shares in the last quarter. Finally, Capital Investment Advisors LLC increased its holdings in VICI Properties by 4.1% during the 3rd quarter. Capital Investment Advisors LLC now owns 276,760 shares of the company’s stock valued at $9,219,000 after purchasing an additional 10,815 shares in the last quarter. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Down 0.1 %

NYSE:VICI opened at $30.39 on Friday. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $32.04 billion, a P/E ratio of 11.26, a P/E/G ratio of 3.80 and a beta of 0.95. The stock’s fifty day simple moving average is $29.66 and its 200-day simple moving average is $31.45.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a $0.4325 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.69%. VICI Properties’s dividend payout ratio is currently 64.07%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on VICI. Truist Financial dropped their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Barclays lowered their target price on VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, JMP Securities reissued a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $34.22.

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.