Skba Capital Management LLC Buys 21,700 Shares of VICI Properties Inc. (NYSE:VICI)

Skba Capital Management LLC increased its stake in shares of VICI Properties Inc. (NYSE:VICIFree Report) by 6.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 338,900 shares of the company’s stock after purchasing an additional 21,700 shares during the period. VICI Properties makes up approximately 1.8% of Skba Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. Skba Capital Management LLC’s holdings in VICI Properties were worth $9,862,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. RB Capital Management LLC grew its stake in VICI Properties by 19.5% in the first quarter. RB Capital Management LLC now owns 20,921 shares of the company’s stock valued at $595,000 after acquiring an additional 3,415 shares during the period. Private Advisor Group LLC bought a new stake in VICI Properties during the first quarter worth about $357,000. MetLife Investment Management LLC bought a new stake in VICI Properties during the first quarter worth about $358,000. Great West Life Assurance Co. Can raised its holdings in VICI Properties by 0.3% during the first quarter. Great West Life Assurance Co. Can now owns 144,291 shares of the company’s stock worth $4,334,000 after acquiring an additional 485 shares in the last quarter. Finally, Yousif Capital Management LLC raised its holdings in VICI Properties by 11.9% during the first quarter. Yousif Capital Management LLC now owns 36,900 shares of the company’s stock worth $1,050,000 after acquiring an additional 3,938 shares in the last quarter. 96.79% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Up 0.1 %

VICI traded up $0.03 on Monday, hitting $29.75. The company had a trading volume of 549,183 shares, compared to its average volume of 5,884,963. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.97 and a quick ratio of 2.97. VICI Properties Inc. has a 52-week low of $26.63 and a 52-week high of $34.63. The stock has a fifty day simple moving average of $30.99 and a 200-day simple moving average of $30.13. The firm has a market capitalization of $30.78 billion, a P/E ratio of 12.44, a P/E/G ratio of 2.76 and a beta of 0.91.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Stockholders of record on Thursday, December 21st were paid a dividend of $0.415 per share. This represents a $1.66 annualized dividend and a dividend yield of 5.58%. The ex-dividend date was Wednesday, December 20th. VICI Properties’s dividend payout ratio is presently 69.46%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on VICI. JMP Securities lowered their price target on VICI Properties from $38.00 to $34.00 and set a “market outperform” rating on the stock in a research report on Monday, October 16th. The Goldman Sachs Group began coverage on VICI Properties in a research note on Friday, December 8th. They set a “buy” rating and a $36.00 target price on the stock. Wedbush reiterated a “neutral” rating and set a $30.00 target price on shares of VICI Properties in a research note on Thursday, December 14th. Mizuho increased their target price on VICI Properties from $32.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Finally, Evercore ISI increased their target price on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Monday, November 27th. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $35.15.

Read Our Latest Report on VICI Properties

About VICI Properties

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for VICI Properties (NYSE:VICI)

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