Element Wealth LLC Sells 861 Shares of VICI Properties Inc. (NYSE:VICI)

Element Wealth LLC decreased its position in shares of VICI Properties Inc. (NYSE:VICI) by 5.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,666 shares of the company’s stock after selling 861 shares during the quarter. Element Wealth LLC’s holdings in VICI Properties were worth $455,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quarry LP boosted its holdings in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 999 shares during the last quarter. UMB Bank n.a. grew its holdings in VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after buying an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. raised its holdings in shares of VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after acquiring an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VICI Properties during the second quarter valued at approximately $43,000. Finally, Rothschild Investment LLC bought a new stake in shares of VICI Properties during the 2nd quarter worth $47,000. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on VICI. Evercore ISI lifted their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

VICI Properties Stock Down 0.1 %

Shares of NYSE VICI opened at $32.81 on Friday. The firm has a fifty day simple moving average of $32.99 and a two-hundred day simple moving average of $30.51. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $34.29. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $34.23 billion, a PE ratio of 12.97, a price-to-earnings-growth ratio of 5.15 and a beta of 0.93.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were issued a $0.4325 dividend. The ex-dividend date was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.27%. VICI Properties’s dividend payout ratio (DPR) is 68.38%.

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.