Bard Associates Inc. Raises Position in VICI Properties Inc. (NYSE:VICI)

Bard Associates Inc. raised its position in shares of VICI Properties Inc. (NYSE:VICIFree Report) by 0.5% in the 4th quarter, Holdings Channel.com reports. The firm owned 79,612 shares of the company’s stock after acquiring an additional 395 shares during the quarter. Bard Associates Inc.’s holdings in VICI Properties were worth $2,570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Bell Investment Advisors Inc increased its stake in shares of VICI Properties by 77.7% in the third quarter. Bell Investment Advisors Inc now owns 938 shares of the company’s stock worth $27,000 after purchasing an additional 410 shares in the last quarter. HBC Financial Services PLLC bought a new stake in shares of VICI Properties during the 4th quarter valued at $31,000. Blue Trust Inc. lifted its holdings in VICI Properties by 455.3% during the 4th quarter. Blue Trust Inc. now owns 1,144 shares of the company’s stock worth $36,000 after purchasing an additional 938 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC bought a new position in VICI Properties in the 3rd quarter worth about $41,000. Finally, Planned Solutions Inc. purchased a new position in VICI Properties during the 4th quarter valued at about $45,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Trading Up 0.4 %

NYSE:VICI traded up $0.11 during midday trading on Tuesday, reaching $28.88. 447,827 shares of the stock traded hands, compared to its average volume of 6,268,526. The stock has a market capitalization of $30.13 billion, a P/E ratio of 11.37, a PEG ratio of 2.35 and a beta of 0.91. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $33.40. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.97 and a current ratio of 2.97. The company has a fifty day moving average of $28.94 and a 200 day moving average of $29.75.

VICI Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 4th. Shareholders of record on Thursday, March 21st were given a dividend of $0.415 per share. This represents a $1.66 dividend on an annualized basis and a yield of 5.75%. The ex-dividend date of this dividend was Wednesday, March 20th. VICI Properties’s payout ratio is 65.61%.

Insider Activity

In related news, Director James R. Abrahamson acquired 3,000 shares of the firm’s stock in a transaction on Thursday, March 14th. The stock was acquired at an average cost of $28.85 per share, for a total transaction of $86,550.00. Following the acquisition, the director now owns 139,342 shares of the company’s stock, valued at $4,020,016.70. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

VICI has been the subject of several recent analyst reports. Scotiabank boosted their price objective on shares of VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 16th. Mizuho increased their price objective on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Friday, May 10th. Morgan Stanley raised their price target on VICI Properties from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, March 18th. Finally, Wells Fargo & Company decreased their price objective on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 6th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, VICI Properties has an average rating of “Moderate Buy” and an average price target of $34.18.

View Our Latest Research 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.

Read More

Want to see what other hedge funds are holding VICI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for VICI Properties Inc. (NYSE:VICIFree Report).

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

Receive News & Ratings for VICI Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for VICI Properties and related companies with MarketBeat.com's FREE daily email newsletter.