Royal Fund Management LLC Makes New Investment in VICI Properties Inc. (NYSE:VICI)

Royal Fund Management LLC bought a new position in shares of VICI Properties Inc. (NYSE:VICI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 80,228 shares of the company’s stock, valued at approximately $2,343,000.

A number of other large investors also recently modified their holdings of VICI. Quarry LP raised its stake in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after acquiring an additional 999 shares during the period. Continuum Advisory LLC raised its position in shares of VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock worth $50,000 after purchasing an additional 374 shares during the period. UMB Bank n.a. raised its position in shares of VICI Properties by 37.4% during the 3rd quarter. UMB Bank n.a. now owns 1,880 shares of the company’s stock worth $63,000 after purchasing an additional 512 shares during the period. Brown Brothers Harriman & Co. boosted its position in VICI Properties by 512.6% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,948 shares of the company’s stock valued at $65,000 after purchasing an additional 1,630 shares during the period. Finally, Harbor Capital Advisors Inc. acquired a new position in VICI Properties during the 3rd quarter valued at approximately $67,000. 97.71% of the stock is currently owned by institutional investors.

VICI Properties Stock Performance

VICI opened at $29.36 on Tuesday. The business has a 50 day moving average price of $30.45 and a two-hundred day moving average price of $31.45. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market capitalization of $30.95 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 3.75 and a beta of 0.94. VICI Properties Inc. has a 1-year low of $27.08 and a 1-year high of $34.29.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 annualized dividend and a yield of 5.89%. VICI Properties’s dividend payout ratio is currently 64.07%.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of recent research reports. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a research note on Tuesday, December 17th. Mizuho cut their price objective on shares of VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Truist Financial decreased their target price on shares of VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, January 14th. JMP Securities reaffirmed a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a report on Wednesday, December 11th. Finally, Barclays started coverage on VICI Properties in a report on Friday, January 10th. They issued an “overweight” rating and a $36.00 price objective for the company. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

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.