J.W. Cole Advisors Inc. Invests $257,000 in VICI Properties Inc. (NYSE:VICI)

J.W. Cole Advisors Inc. bought a new stake in VICI Properties Inc. (NYSE:VICI) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 8,055 shares of the company’s stock, valued at approximately $257,000.

Several other large investors have also recently added to or reduced their stakes in VICI. Invesco Ltd. boosted its stake in VICI Properties by 19.1% during the 3rd quarter. Invesco Ltd. now owns 23,686,622 shares of the company’s stock valued at $689,281,000 after purchasing an additional 3,798,898 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of VICI Properties by 0.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 17,533,937 shares of the company’s stock worth $510,238,000 after acquiring an additional 86,084 shares in the last quarter. Northern Trust Corp boosted its stake in shares of VICI Properties by 2.0% during the 3rd quarter. Northern Trust Corp now owns 11,130,050 shares of the company’s stock worth $323,884,000 after acquiring an additional 213,923 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of VICI Properties by 1.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,146,772 shares of the company’s stock worth $295,271,000 after acquiring an additional 183,369 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of VICI Properties by 50.0% during the 4th quarter. Daiwa Securities Group Inc. now owns 8,204,469 shares of the company’s stock worth $261,558,000 after acquiring an additional 2,736,096 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Price Performance

NYSE VICI opened at $28.55 on Friday. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.05. The stock’s 50-day moving average is $29.05 and its two-hundred day moving average is $29.61. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.97 and a quick ratio of 2.97. The firm has a market cap of $29.78 billion, a P/E ratio of 11.51, a price-to-earnings-growth ratio of 6.39 and a beta of 0.90.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Stockholders of record on Thursday, March 21st were given a $0.415 dividend. This represents a $1.66 annualized dividend and a dividend yield of 5.81%. The ex-dividend date was Wednesday, March 20th. VICI Properties’s dividend payout ratio is currently 66.94%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on VICI shares. Wells Fargo & Company reduced their price objective on VICI Properties from $34.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, March 6th. Mizuho decreased their target price on VICI Properties from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, Morgan Stanley raised their target price on VICI Properties from $32.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $34.36.

Insider Activity

In other news, Director James R. Abrahamson bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 14th. The shares were acquired at an average cost of $28.85 per share, with a total value of $86,550.00. Following the completion of the transaction, the director now directly owns 139,342 shares in the company, valued at $4,020,016.70. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by company insiders.

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.