Teamwork Financial Advisors LLC Trims Stock Position in VICI Properties Inc. (NYSE:VICI)

Teamwork Financial Advisors LLC lessened its position in shares of VICI Properties Inc. (NYSE:VICI) by 12.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,243 shares of the company’s stock after selling 2,749 shares during the period. Teamwork Financial Advisors LLC’s holdings in VICI Properties were worth $562,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Quarry LP raised its stake in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 999 shares in the last quarter. Continuum Advisory LLC raised its position in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after buying an additional 374 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of VICI Properties by 37.4% during the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after acquiring an additional 512 shares during the last quarter. Brown Brothers Harriman & Co. grew its position in VICI Properties by 512.6% in the third quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after acquiring an additional 1,630 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new position in VICI Properties in the third quarter valued at $67,000. 97.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. Wedbush cut VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Wells Fargo & Company restated an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Mizuho lowered their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Barclays started coverage on shares of VICI Properties in a report on Friday, January 10th. They issued an “overweight” rating and a $36.00 target price on the stock. Finally, KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Stock Down 2.7 %

Shares of VICI Properties stock opened at $29.45 on Thursday. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The company has a market cap of $31.04 billion, a P/E ratio of 10.91, a PEG ratio of 3.86 and a beta of 0.94. The company’s fifty day simple moving average is $30.39 and its two-hundred day simple moving average is $31.46.

VICI Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date was Tuesday, December 17th. VICI Properties’s payout ratio is currently 64.07%.

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.