Center For Asset Management LLC Has $562,000 Stake in VICI Properties Inc. (NYSE:VICI)

Center For Asset Management LLC grew its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,246 shares of the company’s stock after acquiring an additional 426 shares during the period. Center For Asset Management LLC’s holdings in VICI Properties were worth $562,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. CHURCHILL MANAGEMENT Corp boosted its stake in VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock worth $9,103,000 after acquiring an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of VICI Properties by 8.0% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after purchasing an additional 40,733 shares in the last quarter. Border to Coast Pensions Partnership Ltd grew its stake in shares of VICI Properties by 40.0% in the 4th quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock valued at $13,282,000 after buying an additional 130,000 shares during the period. Charles Schwab Investment Management Inc. increased its position in VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after buying an additional 770,195 shares in the last quarter. Finally, Modus Advisors LLC acquired a new position in VICI Properties during the 4th quarter worth approximately $2,261,000. 97.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on VICI. Truist Financial decreased their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and set a $35.00 price objective on shares of VICI Properties in a report on Wednesday, December 11th. Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Mizuho decreased their price objective on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Price Performance

VICI Properties stock opened at $29.61 on Monday. The stock has a market cap of $31.22 billion, a P/E ratio of 10.97, a P/E/G ratio of 3.76 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. The company’s 50 day moving average price is $30.31 and its two-hundred day moving average price is $31.51. VICI Properties Inc. has a 52 week low of $27.08 and a 52 week high of $34.29.

VICI Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were given a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.84%. VICI Properties’s dividend payout ratio is currently 64.07%.

About VICI Properties

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.