Corrado Advisors LLC Sells 813 Shares of VICI Properties Inc. (NYSE:VICI)

Corrado Advisors LLC decreased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 2.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 31,504 shares of the company’s stock after selling 813 shares during the period. Corrado Advisors LLC’s holdings in VICI Properties were worth $1,004,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bell Investment Advisors Inc boosted its holdings 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 buying an additional 410 shares during the period. Alaska Permanent Fund Corp boosted its holdings in shares of VICI Properties by 87.4% during the 3rd quarter. Alaska Permanent Fund Corp now owns 999 shares of the company’s stock worth $29,000 after buying an additional 466 shares during the period. HBC Financial Services PLLC bought a new stake in VICI Properties in the 4th quarter valued at about $31,000. Blue Trust Inc. boosted its holdings in VICI Properties by 455.3% in the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock valued at $36,000 after purchasing an additional 938 shares during the period. Finally, ING Groep NV bought a new stake in VICI Properties in the 3rd quarter valued at about $36,000. Institutional investors own 97.71% of the company’s stock.

VICI Properties Price Performance

VICI stock traded up $0.54 during trading on Tuesday, reaching $28.58. 8,838,386 shares of the company were exchanged, compared to its average volume of 6,211,478. The company has a 50-day moving average of $29.08 and a two-hundred day moving average of $29.62. The company has a market capitalization of $29.81 billion, a price-to-earnings ratio of 11.52, a P/E/G ratio of 6.27 and a beta of 0.90. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $34.05. 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 Dividend Announcement

The business 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. This represents a $1.66 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s dividend payout ratio is 66.94%.

Insider Buying and Selling

In other VICI Properties news, Director James R. Abrahamson purchased 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was purchased at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the transaction, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.25% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of recent research reports. Mizuho cut their price objective on shares of VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a report on Thursday, March 7th. Morgan Stanley boosted their price objective on shares of VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Finally, Wells Fargo & Company cut their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $34.36.

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.