Secure Asset Management LLC Increases Stock Position in VICI Properties Inc. (NYSE:VICI)

Secure Asset Management LLC raised its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 11.7% in the fourth quarter, HoldingsChannel reports. The firm owned 55,446 shares of the company’s stock after buying an additional 5,818 shares during the quarter. Secure Asset Management LLC’s holdings in VICI Properties were worth $1,620,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CHURCHILL MANAGEMENT Corp raised its stake in VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after buying an additional 8,834 shares during the last quarter. Rockefeller Capital Management L.P. raised its position in shares of VICI Properties by 8.0% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after purchasing an additional 40,733 shares during the last quarter. Border to Coast Pensions Partnership Ltd grew its position in VICI Properties by 40.0% during the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock valued at $13,282,000 after purchasing an additional 130,000 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in VICI Properties by 7.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after purchasing an additional 770,195 shares in the last quarter. Finally, Modus Advisors LLC bought a new position in shares of VICI Properties in the fourth quarter worth approximately $2,261,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on VICI shares. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Barclays started coverage on VICI Properties in a report on Friday, January 10th. They set an “overweight” rating and a $36.00 price target on the stock. JMP Securities reiterated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a report on Wednesday, December 11th. Truist Financial lowered their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Finally, Mizuho decreased their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $34.33.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $29.32 on Friday. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29. The stock’s 50-day simple moving average is $30.35 and its 200-day simple moving average is $31.44. The company has a market capitalization of $30.90 billion, a price-to-earnings ratio of 10.86, a PEG ratio of 3.76 and a beta of 0.94.

VICI Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were given a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.90%. VICI Properties’s dividend payout ratio is 64.07%.

About VICI Properties

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.