Metis Global Partners LLC Acquires 4,054 Shares of VICI Properties Inc. (NYSE:VICI)

Metis Global Partners LLC grew its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 6.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 63,289 shares of the company’s stock after acquiring an additional 4,054 shares during the period. Metis Global Partners LLC’s holdings in VICI Properties were worth $2,108,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of VICI. Intech Investment Management LLC raised its holdings in VICI Properties by 115.9% during the 1st quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock worth $934,000 after purchasing an additional 16,824 shares during the last quarter. Handelsbanken Fonder AB boosted its position in VICI Properties by 8.8% during the third quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock valued at $19,781,000 after acquiring an additional 47,953 shares during the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of VICI Properties in the 2nd quarter worth about $557,000. Los Angeles Capital Management LLC boosted its stake in VICI Properties by 367.8% during the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after acquiring an additional 1,744,939 shares in the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of VICI Properties by 359.6% during the first quarter. Cetera Investment Advisers now owns 93,455 shares of the company’s stock valued at $2,784,000 after acquiring an additional 73,123 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 1.2 %

Shares of VICI stock opened at $31.66 on Friday. The company’s fifty day simple moving average is $32.58 and its two-hundred day simple moving average is $30.88. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29. The stock has a market capitalization of $33.38 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 4.15 and a beta of 0.94. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.46%. VICI Properties’s dividend payout ratio is currently 64.07%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Evercore ISI upped their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company reaffirmed 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. Mizuho dropped their price target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday. Finally, JMP Securities increased their price objective on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties 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.