Verity & Verity LLC increased its stake in VICI Properties Inc. (NYSE:VICI – Free Report) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 602,401 shares of the company’s stock after buying an additional 24,235 shares during the quarter. Verity & Verity LLC owned approximately 0.06% of VICI Properties worth $16,940,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. State of Wyoming acquired a new stake in shares of VICI Properties in the 2nd quarter valued at approximately $26,000. Headlands Technologies LLC acquired a new stake in shares of VICI Properties in the 2nd quarter valued at approximately $28,000. BOKF NA acquired a new stake in shares of VICI Properties in the 3rd quarter valued at approximately $30,000. Avalon Trust Co acquired a new stake in shares of VICI Properties in the 3rd quarter valued at approximately $35,000. Finally, Key Capital Management INC acquired a new stake in shares of VICI Properties in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 97.71% of the company’s stock.
VICI Properties Trading Down 0.4%
VICI stock opened at $28.23 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 3.62 and a current ratio of 3.62. The company’s 50-day simple moving average is $28.13 and its 200 day simple moving average is $28.56. VICI Properties Inc. has a 52 week low of $26.55 and a 52 week high of $34.01. The company has a market capitalization of $30.17 billion, a PE ratio of 9.67 and a beta of 0.67.
VICI Properties Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 9th. Investors of record on Thursday, March 19th were paid a $0.45 dividend. The ex-dividend date was Thursday, March 19th. This represents a $1.80 annualized dividend and a dividend yield of 6.4%. VICI Properties’s dividend payout ratio is 61.64%.
Analyst Upgrades and Downgrades
VICI has been the subject of several research reports. Mizuho reaffirmed a “neutral” rating and set a $30.00 price target on shares of VICI Properties in a report on Wednesday, March 11th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on VICI Properties in a report on Monday, May 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of VICI Properties in a report on Friday, March 27th. Robert W. Baird cut their price target on VICI Properties from $36.00 to $34.00 and set an “outperform” rating for the company in a report on Monday, March 2nd. Finally, Barclays raised their price target on VICI Properties from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Seven equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $33.38.
Check Out Our Latest Report on VICI
About VICI Properties
VICI Properties (NYSE: VICI) is a publicly traded real estate investment trust (REIT) that specializes in experiential real estate, with a primary focus on gaming, hospitality and entertainment assets. The company acquires, owns and manages a portfolio of destination properties and leases those assets to operators under long-term agreements, generating rental income and partnering on property development and capital projects. VICI was formed in connection with the restructuring of Caesars Entertainment and has since grown through acquisitions and strategic transactions to expand its footprint in the gaming and leisure sector.
The company’s portfolio is concentrated in major U.S.
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