Skylands Capital LLC Has $96,000 Position in VICI Properties Inc. (NYSE:VICI)

Skylands Capital LLC cut its holdings in VICI Properties Inc. (NYSE:VICI) by 72.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,000 shares of the company’s stock after selling 8,050 shares during the quarter. Skylands Capital LLC’s holdings in VICI Properties were worth $96,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Invesco Ltd. lifted its holdings in VICI Properties by 19.1% during the third quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock worth $689,281,000 after acquiring an additional 3,798,898 shares in the last quarter. Daiwa Securities Group Inc. raised its position in VICI Properties by 50.0% in the 4th quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock valued at $261,558,000 after buying an additional 2,736,096 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in VICI Properties by 41.8% in the 4th quarter. Russell Investments Group Ltd. now owns 5,436,176 shares of the company’s stock valued at $173,313,000 after acquiring an additional 1,602,449 shares in the last quarter. American Century Companies Inc. boosted its position in VICI Properties by 51.4% during the 3rd quarter. American Century Companies Inc. now owns 4,102,589 shares of the company’s stock worth $119,385,000 after acquiring an additional 1,393,365 shares during the last quarter. Finally, Apollo Management Holdings L.P. bought a new position in shares of VICI Properties during the 3rd quarter worth approximately $37,539,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on VICI. Wells Fargo & Company lowered their price target on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 6th. Mizuho lowered their price objective on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $34.36.

Insider Activity

In related news, Director James R. Abrahamson acquired 3,000 shares of the company’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $28.85 per share, with a total value of $86,550.00. Following the acquisition, the director now directly owns 139,342 shares of the company’s stock, valued at $4,020,016.70. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is owned by company insiders.

VICI Properties Stock Performance

NYSE:VICI traded down $0.13 during mid-day trading on Tuesday, reaching $28.92. 244,335 shares of the company’s stock were exchanged, compared to its average volume of 6,119,031. VICI Properties Inc. has a one year low of $26.63 and a one year high of $34.05. 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 business’s fifty day simple moving average is $29.00 and its two-hundred day simple moving average is $29.60. The firm has a market capitalization of $30.17 billion, a PE ratio of 11.71, a price-to-earnings-growth ratio of 6.40 and a beta of 0.90.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were issued a dividend of $0.415 per share. The ex-dividend date was Wednesday, March 20th. This represents a $1.66 annualized dividend and a dividend yield of 5.74%. VICI Properties’s dividend payout ratio is presently 66.94%.

About VICI Properties

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.