Cerity Partners LLC Increases Holdings in VICI Properties Inc. (NYSE:VICI)

Cerity Partners LLC increased its stake in VICI Properties Inc. (NYSE:VICI) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 83,662 shares of the company’s stock after purchasing an additional 3,835 shares during the quarter. Cerity Partners LLC’s holdings in VICI Properties were worth $2,667,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in VICI. Pathstone Family Office LLC grew its position in VICI Properties by 286.6% during the third quarter. Pathstone Family Office LLC now owns 28,151 shares of the company’s stock worth $822,000 after buying an additional 20,869 shares in the last quarter. International Assets Investment Management LLC grew its position in VICI Properties by 3,074.1% during the fourth quarter. International Assets Investment Management LLC now owns 181,844 shares of the company’s stock worth $5,704,000 after buying an additional 176,115 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in VICI Properties by 1.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 10,146,772 shares of the company’s stock worth $295,271,000 after buying an additional 183,369 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in VICI Properties by 16.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 203,768 shares of the company’s stock worth $5,930,000 after buying an additional 28,626 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in VICI Properties by 58.0% during the third quarter. Teacher Retirement System of Texas now owns 755,309 shares of the company’s stock worth $21,979,000 after buying an additional 277,143 shares in the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director James R. Abrahamson bought 3,000 shares of the stock in a transaction dated Thursday, March 14th. The stock was bought at an average price of $28.85 per share, with a total value of $86,550.00. Following the purchase, the director now owns 139,342 shares in the company, valued at approximately $4,020,016.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms recently commented on VICI. Wells Fargo & Company reduced their target price on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, March 6th. Morgan Stanley lifted their price target 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. Finally, Mizuho dropped their price target on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, VICI Properties currently has a consensus rating of “Moderate Buy” and an average price target of $34.36.

VICI Properties Trading Up 1.1 %

NYSE VICI opened at $27.51 on Friday. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.05. 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 stock has a 50-day moving average of $29.15 and a 200-day moving average of $29.61. The firm has a market cap of $28.70 billion, a PE ratio of 11.09, a price-to-earnings-growth ratio of 6.11 and a beta of 0.90.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s dividend payout ratio (DPR) is presently 66.94%.

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.