West Family Investments Inc. purchased a new stake in VICI Properties Inc. (NYSE:VICI – Free Report) in the 2nd quarter, Holdings Channel reports. The fund purchased 21,531 shares of the company’s stock, valued at approximately $572,000.
A number of other institutional investors have also recently modified their holdings of the business. Bayban acquired a new position in VICI Properties during the fourth quarter worth $25,000. Dynamic Wealth Strategies LLC purchased a new stake in shares of VICI Properties during the 1st quarter worth $25,000. State of Wyoming purchased a new stake in shares of VICI Properties during the 2nd quarter worth $26,000. Evolution Wealth Management Inc. purchased a new stake in shares of VICI Properties during the 4th quarter worth $28,000. Finally, Headlands Technologies LLC acquired a new position in shares of VICI Properties during the 2nd quarter worth $28,000. 97.71% of the stock is currently owned by hedge funds and other institutional investors.
VICI Properties Price Performance
Shares of NYSE:VICI opened at $25.27 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.98 and a current ratio of 1.98. The business’s fifty day moving average price is $26.33 and its two-hundred day moving average price is $27.56. The stock has a market cap of $27.82 billion, a PE ratio of 9.79 and a beta of 0.65. VICI Properties Inc. has a one year low of $25.23 and a one year high of $33.38.
VICI Properties Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 8th. Investors of record on Thursday, September 17th will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 7.3%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, September 17th. VICI Properties’s dividend payout ratio (DPR) is currently 69.77%.
Analysts Set New Price Targets
Several analysts recently commented on the stock. Raymond James Financial set a $29.00 price objective on shares of VICI Properties in a research note on Thursday, August 13th. Wells Fargo & Company dropped their target price on shares of VICI Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Tuesday, September 1st. Mizuho decreased their price target on VICI Properties from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 2nd. Cantor Fitzgerald lowered their price target on VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, August 10th. Finally, Scotiabank lowered their price target on VICI Properties from $32.00 to $29.00 and set a “sector perform” rating on the stock in a report on Thursday, June 18th. Six investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, VICI Properties presently has an average rating of “Hold” and an average target price of $31.00.
View Our Latest Analysis on VICI Properties
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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