Phillips Wealth Planners LLC Trims Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Phillips Wealth Planners LLC reduced its position in shares of VICI Properties Inc. (NYSE:VICI) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,599 shares of the company’s stock after selling 622 shares during the quarter. Phillips Wealth Planners LLC’s holdings in VICI Properties were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp increased its holdings in VICI Properties by 2.9% during the 4th quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after purchasing an additional 8,834 shares during the period. Rockefeller Capital Management L.P. increased its holdings in VICI Properties by 8.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after purchasing an additional 40,733 shares during the period. Border to Coast Pensions Partnership Ltd increased its holdings in VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after purchasing an additional 130,000 shares during the period. Charles Schwab Investment Management Inc. boosted its position in VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after acquiring an additional 770,195 shares in the last quarter. Finally, Modus Advisors LLC bought a new stake in VICI Properties during the 4th quarter valued at $2,261,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

VICI Properties Stock Down 2.7 %

VICI Properties stock opened at $29.45 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The stock has a market capitalization of $31.04 billion, a price-to-earnings ratio of 10.91, a PEG ratio of 3.86 and a beta of 0.94. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The business has a fifty day moving average price of $30.39 and a 200-day moving average price of $31.46.

VICI Properties Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 5.87%. VICI Properties’s payout ratio is 64.07%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research report on Wednesday, December 11th. Barclays assumed coverage on VICI Properties in a research report on Friday, January 10th. They set an “overweight” rating and a $36.00 target price on the stock. Truist Financial dropped their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

About VICI Properties

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.