Cadence Bank Takes Position in VICI Properties Inc. (NYSE:VICI)

Cadence Bank purchased a new position in shares of VICI Properties Inc. (NYSE:VICI) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,591 shares of the company’s stock, valued at approximately $524,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sheaff Brock Investment Advisors LLC boosted its position in VICI Properties by 0.8% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 44,565 shares of the company’s stock valued at $1,421,000 after purchasing an additional 355 shares in the last quarter. Bard Associates Inc. boosted its position in VICI Properties by 0.5% during the fourth quarter. Bard Associates Inc. now owns 79,612 shares of the company’s stock valued at $2,570,000 after purchasing an additional 395 shares in the last quarter. Schnieders Capital Management LLC boosted its position in VICI Properties by 0.8% during the fourth quarter. Schnieders Capital Management LLC now owns 51,843 shares of the company’s stock valued at $1,653,000 after purchasing an additional 406 shares in the last quarter. Courier Capital LLC boosted its position in VICI Properties by 2.0% during the first quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock valued at $627,000 after purchasing an additional 417 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in VICI Properties by 0.9% during the fourth quarter. Oppenheimer & Co. Inc. now owns 52,494 shares of the company’s stock valued at $1,674,000 after purchasing an additional 448 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

VICI Properties Trading Up 1.3 %

VICI traded up $0.41 during trading on Friday, hitting $30.89. The company’s stock had a trading volume of 5,112,213 shares, compared to its average volume of 6,263,748. VICI Properties Inc. has a twelve month low of $26.63 and a twelve month high of $33.40. The business’s fifty day simple moving average is $28.79 and its 200 day simple moving average is $29.26. The firm has a market capitalization of $32.22 billion, a price-to-earnings ratio of 12.21, a P/E/G ratio of 2.67 and a beta of 0.92.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Tuesday, June 18th were paid a $0.415 dividend. This represents a $1.66 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s dividend payout ratio is presently 65.61%.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Scotiabank raised their price target on VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 16th. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a report on Friday, June 21st. Finally, Mizuho raised their price objective on VICI Properties from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $33.44.

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.