Janney Montgomery Scott LLC Buys 46,920 Shares of VICI Properties Inc. (NYSE:VICI)

Janney Montgomery Scott LLC boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI - Free Report) by 12.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 413,942 shares of the company's stock after buying an additional 46,920 shares during the quarter. Janney Montgomery Scott LLC's holdings in VICI Properties were worth $13,196,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of VICI. Bell Investment Advisors Inc boosted its holdings in VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company's stock valued at $27,000 after purchasing an additional 410 shares in the last quarter. HBC Financial Services PLLC acquired a new stake in VICI Properties during the 4th quarter worth $31,000. Blue Trust Inc. lifted its position in VICI Properties by 455.3% in the fourth quarter. Blue Trust Inc. now owns 1,144 shares of the company's stock valued at $36,000 after acquiring an additional 938 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC acquired a new position in VICI Properties in the third quarter valued at $41,000. Finally, Planned Solutions Inc. acquired a new stake in shares of VICI Properties during the fourth quarter worth about $45,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director James R. Abrahamson bought 3,000 shares of the business's stock in a transaction on Thursday, March 14th. The stock was bought at an average price of $28.85 per share, for a total transaction of $86,550.00. Following the transaction, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.25% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Morgan Stanley increased their target price on VICI Properties from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research note on Monday, March 18th. Mizuho lifted their price objective on VICI Properties from $31.00 to $32.00 and gave the stock a "buy" rating in a research report on Friday, May 10th. Wells Fargo & Company reduced their price target on VICI Properties from $34.00 to $32.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 6th. Finally, Scotiabank upped their price target on shares of VICI Properties from $32.00 to $34.00 and gave the stock a "sector outperform" rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $34.18.

VICI Properties Trading Up 0.3 %

Shares of VICI traded up $0.10 during midday trading on Friday, hitting $30.38. The stock had a trading volume of 7,233,445 shares, compared to its average volume of 6,596,195. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $33.40. The business has a 50-day simple moving average of $29.00 and a two-hundred day simple moving average of $29.73. The company has a current ratio of 2.97, a quick ratio of 2.97 and a debt-to-equity ratio of 0.65. The firm has a market cap of $31.69 billion, a P/E ratio of 12.01, a price-to-earnings-growth ratio of 2.48 and a beta of 0.90.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 4th. Investors of record on Thursday, March 21st were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties's dividend payout ratio is currently 65.61%.

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.