Synovus Financial Corp Purchases 7,742 Shares of VICI Properties Inc. (NYSE:VICI)

Synovus Financial Corp lifted its holdings in VICI Properties Inc. (NYSE:VICI) by 53.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,198 shares of the company’s stock after purchasing an additional 7,742 shares during the quarter. Synovus Financial Corp’s holdings in VICI Properties were worth $739,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Assenagon Asset Management S.A. raised its position in VICI Properties by 40.3% during the second quarter. Assenagon Asset Management S.A. now owns 25,324 shares of the company’s stock worth $725,000 after acquiring an additional 7,271 shares in the last quarter. Blue Trust Inc. raised its position in VICI Properties by 131.5% during the second quarter. Blue Trust Inc. now owns 1,729 shares of the company’s stock worth $52,000 after acquiring an additional 982 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in VICI Properties by 1.9% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 394,069 shares of the company’s stock worth $11,286,000 after acquiring an additional 7,270 shares in the last quarter. Fifth Third Bancorp raised its position in VICI Properties by 4.0% during the second quarter. Fifth Third Bancorp now owns 43,852 shares of the company’s stock worth $1,256,000 after acquiring an additional 1,695 shares in the last quarter. Finally, Courier Capital LLC raised its position in VICI Properties by 4.7% during the second quarter. Courier Capital LLC now owns 22,043 shares of the company’s stock worth $631,000 after acquiring an additional 998 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on VICI shares. Evercore ISI increased their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. JMP Securities restated a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Wednesday, December 11th. Mizuho decreased their price target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday, November 14th. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday. Finally, Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price target (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.67.

VICI Properties Trading Down 1.4 %

Shares of VICI Properties stock opened at $30.05 on Wednesday. The company has a market capitalization of $31.68 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 4.12 and a beta of 0.93. The company has a quick ratio of 2.61, a current 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’s 50-day moving average price is $32.03 and its two-hundred day moving average price is $31.31.

VICI Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th will be paid a dividend of $0.4325 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a yield of 5.76%. VICI Properties’s payout ratio is 64.07%.

VICI Properties Company 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.