Avestar Capital LLC Buys 2,040 Shares of VICI Properties Inc. (NYSE:VICI)

Avestar Capital LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 26.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,639 shares of the company’s stock after acquiring an additional 2,040 shares during the quarter. Avestar Capital LLC’s holdings in VICI Properties were worth $282,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in VICI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of VICI Properties by 599.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 8,936,815 shares of the company’s stock worth $297,685,000 after acquiring an additional 7,658,819 shares in the last quarter. Los Angeles Capital Management LLC boosted its stake in shares of VICI Properties by 367.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after acquiring an additional 1,744,939 shares in the last quarter. State Street Corp boosted its stake in VICI Properties by 2.1% during the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after purchasing an additional 1,164,717 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in VICI Properties by 127.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,715,143 shares of the company’s stock valued at $50,099,000 after purchasing an additional 960,706 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake 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 purchasing an additional 770,195 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Down 0.1 %

Shares of VICI opened at $30.39 on Friday. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. 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 stock has a 50 day simple moving average of $29.66 and a 200-day simple moving average of $31.45. The stock has a market cap of $32.04 billion, a PE ratio of 11.26, a PEG ratio of 3.80 and a beta of 0.95.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders 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 dividend on an annualized basis and a dividend yield of 5.69%. VICI Properties’s payout ratio is presently 64.07%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on VICI shares. Mizuho decreased their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Finally, Truist Financial reduced their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $34.22.

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.