Beech Hill Advisors Inc. Has $2.59 Million Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Beech Hill Advisors Inc. lowered its position in VICI Properties Inc. (NYSE:VICI) by 4.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,698 shares of the company’s stock after selling 4,409 shares during the quarter. Beech Hill Advisors Inc.’s holdings in VICI Properties were worth $2,591,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of VICI. One Capital Management LLC bought a new stake in VICI Properties in the second quarter worth $780,000. Mesirow Financial Investment Management Inc. acquired a new position in shares of VICI Properties during the 2nd quarter valued at about $346,000. Renaissance Technologies LLC raised its stake in shares of VICI Properties by 2.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,147,429 shares of the company’s stock valued at $32,862,000 after acquiring an additional 22,200 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in VICI Properties by 5.8% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 97,367 shares of the company’s stock worth $2,789,000 after purchasing an additional 5,362 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its position in VICI Properties by 8.2% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 70,846 shares of the company’s stock worth $2,021,000 after purchasing an additional 5,366 shares during the period. 97.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of analyst reports. Truist Financial reduced their price objective on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday. Mizuho decreased their price target on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Barclays initiated coverage on VICI Properties in a research report on Friday, January 10th. They set an “overweight” rating and a $36.00 price objective for the company. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research report on Tuesday, December 17th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Price Performance

NYSE VICI traded up $0.10 on Thursday, hitting $28.86. 180,201 shares of the company were exchanged, compared to its average volume of 7,169,764. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The company has a market cap of $30.42 billion, a P/E ratio of 10.69, a P/E/G ratio of 3.60 and a beta of 0.94. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The firm has a 50 day moving average of $30.56 and a two-hundred day moving average of $31.40.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.99%. VICI Properties’s payout ratio is presently 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.