GoalVest Advisory LLC Has $1.09 Million Stock Position in VICI Properties Inc. (NYSE:VICI)

GoalVest Advisory LLC lifted its stake in VICI Properties Inc. (NYSE:VICI) by 3.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,754 shares of the company’s stock after purchasing an additional 1,224 shares during the quarter. GoalVest Advisory LLC’s holdings in VICI Properties were worth $1,091,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP boosted its position 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 period. UMB Bank n.a. boosted its position 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 acquiring an additional 982 shares during the period. Carmichael Hill & Associates Inc. boosted its position in VICI Properties by 363.2% during the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after acquiring an additional 1,104 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in VICI Properties during the 2nd quarter worth about $43,000. Finally, Rothschild Investment LLC acquired a new stake in VICI Properties during the 2nd quarter worth about $47,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

VICI Properties Stock Up 1.2 %

Shares of VICI stock opened at $31.67 on Friday. The stock’s 50 day simple moving average is $32.58 and its 200 day simple moving average is $30.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a market capitalization of $33.39 billion, a price-to-earnings ratio of 11.73, a PEG ratio of 4.20 and a beta of 0.94.

VICI Properties Increases Dividend

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

Wall Street Analysts Forecast Growth

VICI has been the subject of a number of research reports. Evercore ISI raised their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Mizuho decreased their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research report on Thursday. JMP Securities raised their price target 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, Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, VICI Properties presently has an average rating of “Moderate Buy” and a consensus 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.