Raymond James Financial Services Advisors Inc. Has $11.52 Million Stake in VICI Properties Inc. (NYSE:VICI)

Raymond James Financial Services Advisors Inc. lowered its holdings in VICI Properties Inc. (NYSE:VICI) by 9.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 386,799 shares of the company’s stock after selling 41,625 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in VICI Properties were worth $11,523,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in VICI. Sheaff Brock Investment Advisors LLC grew its position in shares of VICI Properties by 0.8% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 44,565 shares of the company’s stock valued at $1,421,000 after acquiring an additional 355 shares during the period. Avantax Advisory Services Inc. grew its position in shares of VICI Properties by 5.2% in the 3rd quarter. Avantax Advisory Services Inc. now owns 7,877 shares of the company’s stock valued at $229,000 after acquiring an additional 387 shares during the period. Redmont Wealth Advisors LLC grew its position in shares of VICI Properties by 2.1% in the 3rd quarter. Redmont Wealth Advisors LLC now owns 18,628 shares of the company’s stock valued at $542,000 after acquiring an additional 391 shares during the period. Bard Associates Inc. grew its position in shares of VICI Properties by 0.5% in the 4th quarter. Bard Associates Inc. now owns 79,612 shares of the company’s stock valued at $2,570,000 after acquiring an additional 395 shares during the period. Finally, Schnieders Capital Management LLC grew its position in shares of VICI Properties by 0.8% in the 4th quarter. Schnieders Capital Management LLC now owns 51,843 shares of the company’s stock valued at $1,653,000 after acquiring an additional 406 shares during the period. Institutional investors own 97.71% of the company’s stock.

Insider Buying and Selling at VICI Properties

In other VICI Properties news, Director James R. Abrahamson purchased 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the transaction, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

VICI Properties Stock Performance

NYSE:VICI remained flat at $28.80 on Friday. 6,018,450 shares of the company traded hands, compared to its average volume of 6,539,223. The stock has a market cap of $30.04 billion, a PE ratio of 11.38, a price-to-earnings-growth ratio of 6.47 and a beta of 0.90. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. The company’s 50 day moving average price is $28.92 and its 200 day moving average price is $29.59. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $33.40.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is currently 65.61%.

Analyst Upgrades and Downgrades

Several analysts recently commented on VICI shares. Morgan Stanley lifted their target price 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. Wells Fargo & Company reduced their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Finally, Mizuho cut their price objective on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $34.10.

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.