Advisor Resource Council Has $497,000 Stock Position in VICI Properties Inc. (NYSE:VICI)

Advisor Resource Council trimmed its position in VICI Properties Inc. (NYSE:VICI) by 51.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 15,589 shares of the company’s stock after selling 16,324 shares during the period. Advisor Resource Council’s holdings in VICI Properties were worth $497,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Sheaff Brock Investment Advisors LLC raised its stake in VICI Properties by 0.8% during the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 44,565 shares of the company’s stock valued at $1,421,000 after purchasing an additional 355 shares during the last quarter. Bard Associates Inc. raised its stake in VICI Properties by 0.5% during the 4th quarter. Bard Associates Inc. now owns 79,612 shares of the company’s stock valued at $2,570,000 after purchasing an additional 395 shares during the last quarter. Schnieders Capital Management LLC raised its stake in VICI Properties by 0.8% during the 4th quarter. Schnieders Capital Management LLC now owns 51,843 shares of the company’s stock valued at $1,653,000 after purchasing an additional 406 shares during the last quarter. Courier Capital LLC raised its stake in VICI Properties by 2.0% during the 1st quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock valued at $627,000 after purchasing an additional 417 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its stake in VICI Properties by 0.9% during the 4th quarter. Oppenheimer & Co. Inc. now owns 52,494 shares of the company’s stock valued at $1,674,000 after purchasing an additional 448 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on VICI shares. Mizuho upped their target price on shares of VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Morgan Stanley restated an “equal weight” rating and issued a $33.00 price objective on shares of VICI Properties in a research note on Friday, June 21st. Finally, Scotiabank increased their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $33.50.

VICI Properties Trading Down 0.1 %

Shares of NYSE VICI opened at $27.75 on Friday. The company has a market cap of $28.95 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 2.46 and a beta of 0.92. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $33.40. The stock has a 50-day moving average price of $28.70 and a two-hundred day moving average price of $29.48.

VICI Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th were issued a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 5.98%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s payout ratio is presently 65.61%.

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.