Avantax Advisory Services Inc. Purchases 489 Shares of VICI Properties Inc. (NYSE:VICI)

Avantax Advisory Services Inc. raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 6.2% in the fourth quarter, HoldingsChannel.com reports. The firm owned 8,366 shares of the company’s stock after buying an additional 489 shares during the period. Avantax Advisory Services Inc.’s holdings in VICI Properties were worth $267,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Bell Investment Advisors Inc lifted its holdings in shares of VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock valued at $27,000 after purchasing an additional 410 shares in the last quarter. HBC Financial Services PLLC bought a new position in VICI Properties during the 4th quarter valued at $31,000. Blue Trust Inc. boosted its holdings in VICI Properties by 455.3% during the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after acquiring an additional 938 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of VICI Properties in the 3rd quarter worth $41,000. Finally, Planned Solutions Inc. purchased a new stake in shares of VICI Properties in the fourth quarter valued at about $45,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Morgan Stanley boosted their target price on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Monday, March 18th. Scotiabank increased their target price on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 16th. Mizuho lifted their price target on shares of VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a report on Friday, May 10th. Finally, Wells Fargo & Company reduced their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $34.18.

VICI Properties Trading Down 1.0 %

NYSE:VICI opened at $28.30 on Friday. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $33.40. The stock’s fifty day moving average price is $29.01 and its two-hundred day moving average price is $29.75. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. The company has a market cap of $29.52 billion, a P/E ratio of 11.19, a P/E/G ratio of 2.32 and a beta of 0.90.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were issued a dividend of $0.415 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 5.87%. VICI Properties’s dividend payout ratio (DPR) is 65.61%.

Insiders Place Their Bets

In related news, Director James R. Abrahamson purchased 3,000 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were purchased at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the completion of the transaction, the director now directly owns 139,342 shares in the company, valued at approximately $4,020,016.70. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.25% of the stock is owned by corporate insiders.

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.