Plan Group Financial LLC Grows Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Plan Group Financial LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 9.9% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,598 shares of the company’s stock after buying an additional 2,937 shares during the quarter. Plan Group Financial LLC’s holdings in VICI Properties were worth $952,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of VICI. CHURCHILL MANAGEMENT Corp raised its position in VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after acquiring an additional 8,834 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in VICI Properties by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock valued at $18,268,000 after buying an additional 40,733 shares in the last quarter. Border to Coast Pensions Partnership Ltd increased its position in VICI Properties by 40.0% during the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after buying an additional 130,000 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of VICI Properties by 7.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after acquiring an additional 770,195 shares in the last quarter. Finally, Brookstone Capital Management acquired a new stake in shares of VICI Properties during the fourth quarter valued at $359,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Down 0.0 %

Shares of NYSE:VICI opened at $30.37 on Wednesday. The stock has a 50-day simple moving average of $29.63 and a 200-day simple moving average of $31.45. The stock has a market capitalization of $32.01 billion, a P/E ratio of 11.25, a PEG ratio of 3.83 and a beta of 0.95. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.70%. VICI Properties’s dividend payout ratio is currently 64.07%.

Analysts Set New Price Targets

Several brokerages recently weighed in on VICI. JMP Securities reissued a “market outperform” rating and issued a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Mizuho lowered their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, January 8th. Truist Financial reduced their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, January 14th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Barclays cut their price objective on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.22.

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.