EP Wealth Advisors LLC Invests $299,000 in VICI Properties Inc. (NYSE:VICI)

EP Wealth Advisors LLC acquired a new stake in VICI Properties Inc. (NYSE:VICI) during the 3rd quarter, HoldingsChannel reports. The firm acquired 8,968 shares of the company’s stock, valued at approximately $299,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quarry LP lifted its position in shares of VICI Properties by 780.5% during the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after buying an additional 999 shares during the last quarter. UMB Bank n.a. raised its stake 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 acquiring an additional 982 shares during the period. Carmichael Hill & Associates Inc. lifted its holdings in VICI Properties by 363.2% during the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after purchasing an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in VICI Properties during the second quarter worth about $43,000. Finally, Rothschild Investment LLC purchased a new position in shares of VICI Properties in the second quarter worth about $47,000. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Up 0.1 %

VICI opened at $31.13 on Friday. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average price is $32.06 and its 200-day moving average price is $31.24. The company has a market cap of $32.82 billion, a P/E ratio of 11.53, a P/E/G ratio of 4.15 and a beta of 0.93.

VICI Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be given a $0.4325 dividend. The ex-dividend date is Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.56%. VICI Properties’s payout ratio is currently 64.07%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Mizuho dropped their price target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, November 14th. JMP Securities reaffirmed a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a report on Wednesday. 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 note on Tuesday, October 1st. Finally, Evercore ISI raised their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

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.