Kovack Advisors Inc. Sells 4,383 Shares of VICI Properties Inc. (NYSE:VICI)

Kovack Advisors Inc. trimmed its stake in VICI Properties Inc. (NYSE:VICI) by 18.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 19,483 shares of the company’s stock after selling 4,383 shares during the quarter. Kovack Advisors Inc.’s holdings in VICI Properties were worth $569,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. D.A. Davidson & CO. boosted its stake in VICI Properties by 3.2% in the fourth quarter. D.A. Davidson & CO. now owns 10,994 shares of the company’s stock worth $321,000 after purchasing an additional 340 shares in the last quarter. Carmel Capital Partners LLC boosted its stake in VICI Properties by 1.0% in the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after purchasing an additional 367 shares in the last quarter. Sheaff Brock Investment Advisors LLC boosted its stake in VICI Properties by 0.9% in the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 41,296 shares of the company’s stock worth $1,206,000 after purchasing an additional 372 shares in the last quarter. Continuum Advisory LLC boosted its stake in VICI Properties by 30.5% in the third quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in VICI Properties by 3.3% in the fourth quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock worth $357,000 after purchasing an additional 391 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. KeyCorp reaffirmed a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Barclays cut their price target on VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus upped their price target on VICI Properties from $33.75 to $34.00 and gave the company a “buy” rating in a research note on Friday, February 21st. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. Finally, Wedbush lowered VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.20.

VICI Properties Trading Up 0.5 %

NYSE:VICI opened at $32.51 on Friday. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The business’s 50-day moving average price is $29.81 and its two-hundred day moving average price is $31.46. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $34.34 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 3.88 and a beta of 0.95.

VICI Properties (NYSE:VICI) last released its earnings results on Thursday, February 20th. The company reported $0.57 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.10). VICI Properties had a net margin of 69.59% and a return on equity of 10.24%. The company had revenue of $976.05 million during the quarter, compared to analyst estimates of $969.29 million. On average, equities analysts expect that VICI Properties Inc. will post 2.31 earnings per share for the current year.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued 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 5.32%. VICI Properties’s dividend payout ratio (DPR) is currently 67.58%.

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.