Victory Capital Management Inc. Acquires 268,818 Shares of VICI Properties Inc. (NYSE:VICI)

Victory Capital Management Inc. lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 18.1% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,757,069 shares of the company’s stock after acquiring an additional 268,818 shares during the period. Victory Capital Management Inc.’s holdings in VICI Properties were worth $58,528,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of VICI. Quarry LP grew its stake in VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after acquiring an additional 999 shares during the period. UMB Bank n.a. lifted its holdings in shares of VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after purchasing an additional 982 shares in 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 valued at $40,000 after purchasing an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in VICI Properties during the 2nd quarter valued at $43,000. Finally, Rothschild Investment LLC acquired a new position in VICI Properties during the second quarter worth $47,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI stock opened at $31.30 on Friday. The business has a 50 day moving average of $32.62 and a 200-day moving average of $30.86. The firm has a market cap of $32.99 billion, a PE ratio of 11.59, a P/E/G ratio of 4.14 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 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 firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were given a dividend of $0.4325 per share. The ex-dividend date was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.53%. VICI Properties’s dividend payout ratio (DPR) is currently 64.07%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company reiterated an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Evercore ISI boosted their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. JMP Securities increased their price objective on 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, Mizuho cut their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $34.22.

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.