Van ECK Associates Corp Grows Stock Holdings in VICI Properties Inc. (NYSE:VICI)

Van ECK Associates Corp grew its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 4.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 561,868 shares of the company’s stock after buying an additional 25,991 shares during the period. Van ECK Associates Corp owned 0.05% of VICI Properties worth $18,452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in VICI. Quarry LP raised its position in VICI Properties by 780.5% in the second 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. raised its holdings in shares of VICI Properties by 254.4% during the second quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after buying an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. raised its holdings in shares of VICI Properties by 363.2% during the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after buying an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of VICI Properties during the second quarter valued at approximately $43,000. Finally, Rothschild Investment LLC bought a new stake in VICI Properties during the second quarter worth approximately $47,000. Institutional investors and hedge funds own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

VICI has been the topic of several research analyst reports. Evercore ISI lifted their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. JMP Securities boosted their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research report on Tuesday, October 1st. Two investment 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 has a consensus rating of “Moderate Buy” and an average price target of $34.11.

VICI Properties Price Performance

VICI stock opened at $31.69 on Tuesday. The firm has a 50 day moving average of $32.98 and a 200-day moving average of $30.70. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 12 month low of $27.08 and a 12 month high of $34.29. The firm has a market capitalization of $33.41 billion, a P/E ratio of 11.74, a price-to-earnings-growth ratio of 4.94 and a beta of 0.94.

VICI Properties Increases Dividend

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