Integrated Investment Consultants LLC Invests $3.99 Million in VICI Properties Inc. (NYSE:VICI)

Integrated Investment Consultants LLC bought a new stake in VICI Properties Inc. (NYSE:VICI) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 119,777 shares of the company’s stock, valued at approximately $3,990,000.

Other hedge funds have also bought and sold shares of the company. Carmel Capital Partners LLC lifted its holdings in shares of VICI Properties by 1.0% during the 3rd quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock worth $1,177,000 after acquiring an additional 367 shares during the last quarter. Montag A & Associates Inc. lifted its stake in VICI Properties by 3.3% during the second quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock worth $357,000 after purchasing an additional 389 shares during the last quarter. MAS Advisors LLC lifted its stake in VICI Properties by 2.8% during the second quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock worth $422,000 after purchasing an additional 398 shares during the last quarter. Insight Folios Inc boosted its holdings in shares of VICI Properties by 2.5% in the 3rd quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock worth $601,000 after purchasing an additional 433 shares in the last quarter. Finally, Massmutual Trust Co. FSB ADV increased its position in shares of VICI Properties by 23.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 2,350 shares of the company’s stock valued at $78,000 after purchasing an additional 442 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Trading Down 0.3 %

VICI opened at $32.12 on Thursday. The firm has a market capitalization of $33.86 billion, a price-to-earnings ratio of 11.90, a PEG ratio of 4.27 and a beta of 0.94. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The business has a 50 day simple moving average of $32.47 and a two-hundred day simple moving average of $30.97. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61.

VICI Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were issued a $0.4325 dividend. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.39%. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is 64.07%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Mizuho reduced their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, November 14th. JMP Securities boosted their target price on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Finally, Evercore ISI raised their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.