SYSTM Wealth Solutions LLC Has $263,000 Position in VICI Properties Inc. (NYSE:VICI)

SYSTM Wealth Solutions LLC trimmed its position in shares of VICI Properties Inc. (NYSE:VICI) by 31.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,082 shares of the company’s stock after selling 4,259 shares during the period. SYSTM Wealth Solutions LLC’s holdings in VICI Properties were worth $263,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Tucker Asset Management LLC grew its holdings in shares of VICI Properties by 1,888.9% during the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after purchasing an additional 1,020 shares in the last quarter. Quarry LP boosted its stake in VICI Properties by 143.1% during the fourth quarter. Quarry LP now owns 1,259 shares of the company’s stock worth $40,000 after buying an additional 741 shares in the last quarter. UMB Bank n.a. increased its holdings in VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after buying an additional 982 shares during the period. Carmichael Hill & Associates Inc. raised its stake in shares of VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after buying an additional 1,104 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VICI Properties during the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Trading Down 0.6 %

Shares of VICI opened at $33.06 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. The company has a market cap of $34.62 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 5.35 and a beta of 0.94. The stock has a fifty day moving average price of $31.99 and a two-hundred day moving average price of $29.87. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $34.29.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.23%. VICI Properties’s dividend payout ratio is 65.61%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Evercore ISI increased their price target on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday. Morgan Stanley restated an “equal weight” rating and set a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $33.56.

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.