Aew Capital Management L P Sells 58,697 Shares of VICI Properties Inc. (NYSE:VICI)

Aew Capital Management L P lessened its position in VICI Properties Inc. (NYSE:VICI) by 1.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,940,332 shares of the company’s stock after selling 58,697 shares during the quarter. VICI Properties comprises approximately 4.6% of Aew Capital Management L P’s portfolio, making the stock its 6th largest holding. Aew Capital Management L P’s holdings in VICI Properties were worth $125,618,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Avantax Advisory Services Inc. raised its position in 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 buying an additional 387 shares during the last quarter. Redmont Wealth Advisors LLC increased its position in shares of VICI Properties by 2.1% during the 3rd quarter. Redmont Wealth Advisors LLC now owns 18,628 shares of the company’s stock worth $542,000 after purchasing an additional 391 shares during the last quarter. Kingswood Wealth Advisors LLC increased its position in shares of VICI Properties by 1.6% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 24,410 shares of the company’s stock worth $710,000 after purchasing an additional 394 shares during the last quarter. Schnieders Capital Management LLC increased its position in shares of VICI Properties by 0.8% during the 4th quarter. Schnieders Capital Management LLC now owns 51,843 shares of the company’s stock worth $1,653,000 after purchasing an additional 406 shares during the last quarter. Finally, Bell Investment Advisors Inc increased its position in shares of VICI Properties by 77.7% during the 3rd quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after purchasing an additional 410 shares during the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Insiders Place Their Bets

In other news, Director James R. Abrahamson bought 3,000 shares of the stock in a transaction on Thursday, March 14th. The stock was acquired at an average price of $28.85 per share, with a total value of $86,550.00. Following the acquisition, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.25% of the company’s stock.

VICI Properties Price Performance

Shares of VICI stock traded down $0.08 on Friday, hitting $28.47. 6,216,744 shares of the company’s stock were exchanged, compared to its average volume of 6,207,078. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $34.05. The stock has a market cap of $29.70 billion, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 6.39 and a beta of 0.90. The company has a 50 day moving average of $29.03 and a 200 day moving average of $29.60.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were given a dividend of $0.415 per share. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $1.66 annualized dividend and a dividend yield of 5.83%. VICI Properties’s dividend payout ratio is currently 66.94%.

Analysts Set New Price Targets

Several research firms have weighed in on VICI. Morgan Stanley boosted their price target on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Mizuho lowered their price target on VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research report on Thursday, March 7th. Finally, Wells Fargo & Company lowered their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, VICI Properties has an average rating of “Moderate Buy” and a consensus price target of $34.36.

VICI Properties Company 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.