VICI Properties Inc. (NYSE:VICI) Shares Purchased by Courier Capital LLC

Courier Capital LLC raised its stake in VICI Properties Inc. (NYSE:VICI) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,045 shares of the company’s stock after purchasing an additional 417 shares during the quarter. Courier Capital LLC’s holdings in VICI Properties were worth $627,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. increased its position in shares of VICI Properties by 3.8% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,540,140 shares of the company’s stock worth $49,100,000 after acquiring an additional 56,595 shares during the last quarter. Hohimer Wealth Management LLC acquired a new position in VICI Properties in the fourth quarter valued at approximately $2,400,000. Handelsbanken Fonder AB boosted its stake in VICI Properties by 85.1% in the fourth quarter. Handelsbanken Fonder AB now owns 514,232 shares of the company’s stock valued at $16,394,000 after acquiring an additional 236,430 shares during the period. Louisiana State Employees Retirement System acquired a new position in VICI Properties in the fourth quarter valued at approximately $1,996,000. Finally, International Assets Investment Management LLC boosted its stake in VICI Properties by 3,074.1% in the fourth quarter. International Assets Investment Management LLC now owns 181,844 shares of the company’s stock valued at $5,704,000 after acquiring an additional 176,115 shares during the period. 97.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Mizuho lifted their target price on VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research note on Friday, May 10th. Morgan Stanley reiterated an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Scotiabank upped their price target on VICI Properties from $32.00 to $34.00 and gave the company a “sector outperform” rating in a report on Thursday, May 16th. Finally, Wells Fargo & Company cut their target price on shares of VICI Properties from $34.00 to $32.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 6th. Three investment 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 currently has a consensus rating of “Moderate Buy” and an average price target of $33.50.

VICI Properties Stock Up 0.7 %

Shares of VICI Properties stock traded up $0.21 on Friday, hitting $28.64. 8,335,471 shares of the company traded hands, compared to its average volume of 6,277,615. The company has a 50-day moving average price of $28.73 and a 200 day moving average price of $29.60. The company has a quick ratio of 2.97, a current ratio of 2.97 and a debt-to-equity ratio of 0.65. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $33.40. The company has a market cap of $29.88 billion, a PE ratio of 11.23, a PEG ratio of 2.29 and a beta of 0.91.

VICI Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th will be issued a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date is Tuesday, June 18th. VICI Properties’s dividend payout ratio is presently 65.61%.

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.