Burney Co. Sells 124,726 Shares of VICI Properties Inc. (NYSE:VICI)

Burney Co. reduced its stake in VICI Properties Inc. (NYSE:VICI) by 40.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 185,316 shares of the company’s stock after selling 124,726 shares during the quarter. Burney Co.’s holdings in VICI Properties were worth $5,413,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Quarry LP increased its position in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after buying an additional 999 shares in the last quarter. Continuum Advisory LLC grew its stake in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares during the period. UMB Bank n.a. increased its holdings in VICI Properties by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after acquiring an additional 512 shares in the last quarter. Brown Brothers Harriman & Co. raised its stake in VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares during the period. Finally, Harbor Capital Advisors Inc. bought a new stake in VICI Properties during the 3rd quarter worth approximately $67,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research note on Wednesday, December 11th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Mizuho cut their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $29.47 on Wednesday. The firm has a market cap of $31.07 billion, a PE ratio of 10.91, a PEG ratio of 4.12 and a beta of 0.94. The stock has a 50 day moving average of $30.60 and a 200 day moving average of $31.42. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29.

VICI Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.87%. VICI Properties’s dividend payout ratio is currently 64.07%.

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.