MQS Management LLC Increases Stock Holdings in VICI Properties Inc. (NYSE:VICI)

MQS Management LLC raised its holdings in VICI Properties Inc. (NYSE:VICI) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,585 shares of the company’s stock after purchasing an additional 1,593 shares during the quarter. MQS Management LLC’s holdings in VICI Properties were worth $652,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of VICI. Quarry LP boosted its holdings in shares of VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after purchasing an additional 999 shares during the last quarter. UMB Bank n.a. grew its stake in VICI Properties by 254.4% during the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after buying an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. grew its position in VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after purchasing an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of VICI Properties in the second quarter worth $43,000. Finally, Rothschild Investment LLC bought a new stake in shares of VICI Properties during the 2nd quarter worth about $47,000. 97.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

VICI has been the subject of several recent research reports. Evercore ISI increased their target price on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. JMP Securities raised their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $36.00 target price (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $34.11.

VICI Properties Price Performance

NYSE VICI opened at $31.19 on Wednesday. The company has a 50 day moving average price of $32.71 and a two-hundred day moving average price of $30.86. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The stock has a market capitalization of $32.88 billion, a PE ratio of 11.55, a price-to-earnings-growth ratio of 4.78 and a beta of 0.94. 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 Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were issued a dividend of $0.4325 per share. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend was Wednesday, September 18th. VICI Properties’s dividend payout ratio (DPR) is 64.07%.

VICI Properties Company Profile

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.