Tectonic Advisors LLC Buys 30,484 Shares of VICI Properties Inc. (NYSE:VICI)

Tectonic Advisors LLC increased its stake in shares of VICI Properties Inc. (NYSE:VICI) by 17.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 204,625 shares of the company’s stock after buying an additional 30,484 shares during the period. Tectonic Advisors LLC’s holdings in VICI Properties were worth $6,816,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of VICI. Quarry LP boosted its holdings in VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 999 shares during the period. UMB Bank n.a. boosted 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 purchasing an additional 982 shares during the period. Carmichael Hill & Associates Inc. raised its position 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. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of VICI Properties in the 2nd quarter valued at approximately $43,000. Finally, Rothschild Investment LLC acquired a new position in shares of VICI Properties in the 2nd quarter valued at approximately $47,000. Institutional investors own 97.71% of the company’s stock.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of research analyst reports. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Evercore ISI upped their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $34.00.

VICI Properties Trading Down 0.1 %

NYSE:VICI opened at $32.81 on Friday. The firm’s fifty day moving average is $32.99 and its 200-day moving average is $30.51. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $34.29. The firm has a market cap of $34.23 billion, a P/E ratio of 12.97, a P/E/G ratio of 5.15 and a beta of 0.93.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a $0.4325 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.27%. The ex-dividend date was Wednesday, September 18th. VICI Properties’s dividend payout ratio is currently 68.38%.

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.