Center For Asset Management LLC Buys 426 Shares of VICI Properties Inc. (NYSE:VICI)

Center For Asset Management LLC boosted its position in shares of VICI Properties Inc. (NYSE:VICI) by 2.3% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,246 shares of the company’s stock after buying an additional 426 shares during the period. Center For Asset Management LLC’s holdings in VICI Properties were worth $562,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Quarry LP boosted 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 worth $32,000 after acquiring an additional 999 shares in the last quarter. Continuum Advisory LLC boosted its holdings in shares of VICI Properties by 30.5% in the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after purchasing an additional 374 shares in the last quarter. UMB Bank n.a. increased its stake in shares of VICI Properties by 37.4% in the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock valued at $63,000 after purchasing an additional 512 shares during the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock worth $65,000 after buying an additional 1,630 shares in the last quarter. Finally, Harbor Capital Advisors Inc. bought a new stake in shares of VICI Properties during the 3rd quarter worth $67,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Up 1.1 %

Shares of NYSE:VICI opened at $29.61 on Monday. The firm has a market cap of $31.22 billion, a P/E ratio of 10.97, a P/E/G ratio of 3.76 and a beta of 0.94. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The business has a fifty day simple moving average of $30.31 and a 200 day simple moving average of $31.51. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a $0.4325 dividend. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio is currently 64.07%.

Analyst Ratings Changes

Several research analysts have commented on the company. JMP Securities reissued a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Wednesday, December 11th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Mizuho decreased their target price on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, Barclays began coverage on VICI Properties in a research report on Friday, January 10th. They set an “overweight” rating and a $36.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $34.33.

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.