Prestige Wealth Management Group LLC Acquires 13,253 Shares of VICI Properties Inc. (NYSE:VICI)

Prestige Wealth Management Group LLC lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 40,160.6% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 13,286 shares of the company’s stock after buying an additional 13,253 shares during the period. Prestige Wealth Management Group LLC’s holdings in VICI Properties were worth $448,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its stake in VICI Properties by 8.0% during the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after acquiring an additional 40,733 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock worth $393,847,000 after purchasing an additional 770,195 shares during the period. Handelsbanken Fonder AB increased its position in shares of VICI Properties by 8.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock valued at $19,781,000 after purchasing an additional 47,953 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in VICI Properties during the 2nd quarter valued at $557,000. Finally, Los Angeles Capital Management LLC boosted its stake in VICI Properties by 367.8% during the third quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after buying an additional 1,744,939 shares during the period. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. JMP Securities increased their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Mizuho decreased their price objective on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 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 note on Monday, September 16th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.00.

VICI Properties Stock Up 0.3 %

NYSE:VICI opened at $31.76 on Tuesday. 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 Inc. has a 1-year low of $27.08 and a 1-year high of $34.29. The company has a 50-day moving average of $32.17 and a 200 day moving average of $31.20. The firm has a market cap of $33.48 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 4.19 and a beta of 0.93.

VICI Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th will be given a $0.4325 dividend. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.45%. 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.