Obermeyer Wood Investment Counsel Lllp Sells 866 Shares of VICI Properties Inc. (NYSE:VICI)

Obermeyer Wood Investment Counsel Lllp cut its stake in VICI Properties Inc. (NYSE:VICI) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 62,546 shares of the company’s stock after selling 866 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in VICI Properties were worth $1,994,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Xponance Inc. lifted its stake in VICI Properties by 3.4% in the fourth quarter. Xponance Inc. now owns 203,920 shares of the company’s stock worth $6,501,000 after acquiring an additional 6,645 shares during the period. Daiwa Securities Group Inc. lifted its stake in VICI Properties by 50.0% in the fourth quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock worth $261,558,000 after acquiring an additional 2,736,096 shares during the period. Steph & Co. purchased a new stake in VICI Properties in the fourth quarter worth about $133,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in VICI Properties by 38.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 688,291 shares of the company’s stock worth $21,943,000 after acquiring an additional 192,661 shares during the period. Finally, SVB Wealth LLC purchased a new stake in VICI Properties in the fourth quarter worth about $242,000. 97.71% of the stock is currently owned by institutional investors.

Insider Buying and Selling at VICI Properties

In other news, Director James R. Abrahamson acquired 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The shares were bought at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the acquisition, the director now owns 139,342 shares of the company’s stock, valued at approximately $4,020,016.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.25% of the stock is currently owned by insiders.

VICI Properties Price Performance

Shares of NYSE:VICI traded up $0.32 during midday trading on Thursday, reaching $27.52. 4,865,748 shares of the company’s stock traded hands, compared to its average volume of 6,162,399. VICI Properties Inc. has a 1 year low of $26.63 and a 1 year high of $34.05. The company has a market cap of $28.71 billion, a P/E ratio of 11.08, a PEG ratio of 6.09 and a beta of 0.90. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. The company has a fifty day simple moving average of $29.19 and a two-hundred day simple moving average of $29.62.

VICI Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were issued a $0.415 dividend. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 dividend on an annualized basis and a yield of 6.03%. VICI Properties’s payout ratio is currently 66.94%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wells Fargo & Company lowered their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Mizuho decreased their price target on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, Morgan Stanley increased their price target on shares of VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.36.

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.