International Assets Investment Management LLC Sells 2,060 Shares of VICI Properties Inc. (NYSE:VICI)

Posted by Defense World Staff on Jul 6th, 2023

International Assets Investment Management LLC lowered its stake in VICI Properties Inc. (NYSE:VICI – Free Report) by 29.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,866 shares of the company’s stock after selling 2,060 shares during the quarter. International Assets Investment Management LLC’s holdings in VICI Properties were worth $159,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Bleakley Financial Group LLC purchased a new position in VICI Properties during the fourth quarter valued at approximately $1,810,000. Marcum Wealth LLC grew its position in VICI Properties by 4.7% during the first quarter. Marcum Wealth LLC now owns 12,769 shares of the company’s stock worth $417,000 after buying an additional 578 shares in the last quarter. SYSTM Wealth Solutions LLC bought a new position in VICI Properties in the 4th quarter worth about $561,000. Meiji Yasuda Life Insurance Co purchased a new stake in shares of VICI Properties in the 3rd quarter valued at about $498,000. Finally, Barclays PLC boosted its position in shares of VICI Properties by 8.7% during the 4th quarter. Barclays PLC now owns 1,690,326 shares of the company’s stock valued at $54,766,000 after acquiring an additional 134,830 shares during the last quarter. Hedge funds and other institutional investors own 98.37% of the company’s stock.

VICI Properties Trading Down 1.5 %

Shares of VICI opened at $31.34 on Thursday. The stock has a market capitalization of $31.47 billion, a P/E ratio of 21.92, a PEG ratio of 2.31 and a beta of 0.93. VICI Properties Inc. has a twelve month low of $29.29 and a twelve month high of $35.69. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 0.70. The firm has a fifty day simple moving average of $31.84 and a two-hundred day simple moving average of $32.57.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 6th. Stockholders of record on Thursday, June 22nd will be given a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, June 21st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.98%. VICI Properties’s dividend payout ratio is currently 109.09%.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of recent analyst reports. Raymond James raised their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Thursday, April 6th. Wolfe Research dropped their price objective on shares of VICI Properties from $46.00 to $37.00 and set an “outperform” rating for the company in a report on Wednesday, March 22nd. Deutsche Bank Aktiengesellschaft lowered shares of VICI Properties from a “buy” rating to a “hold” rating and cut their target price for the stock from $39.00 to $34.00 in a research report on Wednesday. Mizuho initiated coverage on VICI Properties in a research report on Wednesday, April 5th. They set a “buy” rating and a $35.00 price target on the stock. Finally, LADENBURG THALM/SH SH upped their price objective on VICI Properties from $34.50 to $37.00 in a report on Monday, May 1st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $36.77.

VICI Properties Company Profile

(Free Report)

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.