J.W. Cole Advisors Inc. Has $221,000 Holdings in VICI Properties Inc. (NYSE:VICI)

J.W. Cole Advisors Inc. decreased its holdings in VICI Properties Inc. (NYSE:VICI) by 4.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,717 shares of the company’s stock after selling 383 shares during the period. J.W. Cole Advisors Inc.’s holdings in VICI Properties were worth $221,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in VICI. Avantax Advisory Services Inc. raised its holdings in shares of VICI Properties by 6.2% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,366 shares of the company’s stock worth $267,000 after acquiring an additional 489 shares in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of VICI Properties by 6.2% during the 4th quarter. Coldstream Capital Management Inc. now owns 9,257 shares of the company’s stock valued at $295,000 after buying an additional 539 shares during the last quarter. Thoroughbred Financial Services LLC bought a new stake in shares of VICI Properties in the 4th quarter valued at approximately $206,000. D.A. Davidson & CO. increased its holdings in VICI Properties by 22.6% in the fourth quarter. D.A. Davidson & CO. now owns 16,907 shares of the company’s stock worth $539,000 after buying an additional 3,121 shares during the last quarter. Finally, CreativeOne Wealth LLC raised its position in VICI Properties by 50.6% during the fourth quarter. CreativeOne Wealth LLC now owns 14,773 shares of the company’s stock valued at $471,000 after acquiring an additional 4,964 shares in the last quarter. 97.71% of the stock is owned by hedge funds and other institutional investors.

VICI Properties Trading Down 0.7 %

Shares of NYSE:VICI opened at $32.82 on Friday. 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 stock’s 50-day moving average is $32.06 and its 200-day moving average is $29.89. The company has a market cap of $34.36 billion, a P/E ratio of 12.97, a P/E/G ratio of 5.35 and a beta of 0.94. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $34.29.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be given a $0.4325 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.27%. The ex-dividend date is Wednesday, September 18th. VICI Properties’s payout ratio is currently 65.61%.

Wall Street Analyst Weigh In

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

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.