Perissos Private Wealth Management LLC Takes Position in VICI Properties Inc. (NYSE:VICI)

Perissos Private Wealth Management LLC acquired a new position in shares of VICI Properties Inc. (NYSE:VICI) in the second quarter, Holdings Channel reports. The fund acquired 25,162 shares of the company’s stock, valued at approximately $721,000.

Other institutional investors have also made changes to their positions in the company. Nomura Asset Management Co. Ltd. lifted its stake in 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 purchasing an additional 56,595 shares during the period. Hohimer Wealth Management LLC acquired a new position in shares of VICI Properties in the 4th quarter worth approximately $2,400,000. SG Americas Securities LLC lifted its position in shares of VICI Properties by 671.3% during the 1st quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock worth $21,494,000 after buying an additional 627,979 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in VICI Properties by 15.1% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock valued at $56,079,000 after buying an additional 246,983 shares in the last quarter. Finally, Bayesian Capital Management LP grew its position in VICI Properties by 36.5% in the fourth quarter. Bayesian Capital Management LP now owns 185,075 shares of the company’s stock valued at $5,900,000 after acquiring an additional 49,500 shares during the period. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Up 1.2 %

Shares of NYSE VICI opened at $33.96 on Monday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. The company has a market cap of $35.56 billion, a price-to-earnings ratio of 13.42, a price-to-earnings-growth ratio of 5.28 and a beta of 0.94. VICI Properties Inc. has a 12-month low of $26.63 and a 12-month high of $34.17. The firm’s 50-day simple moving average is $31.64 and its 200 day simple moving average is $29.79.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th will be issued a $0.4325 dividend. The ex-dividend date is Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.09%. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio (DPR) is currently 65.61%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Morgan Stanley reissued an “equal weight” rating and set a $33.00 price objective on shares of VICI Properties in a report on Friday, June 21st. Evercore ISI lifted their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $33.44.

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.