Perissos Private Wealth Management LLC Takes $721,000 Position in VICI Properties Inc. (NYSE:VICI)

Perissos Private Wealth Management LLC acquired a new position in VICI Properties Inc. (NYSE:VICI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,162 shares of the company’s stock, valued at approximately $721,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cohen & Steers Inc. grew its position in VICI Properties by 132.0% in the fourth quarter. Cohen & Steers Inc. now owns 34,784,906 shares of the company’s stock worth $1,108,993,000 after acquiring an additional 19,788,229 shares in the last quarter. Norges Bank bought a new position in VICI Properties during the fourth quarter valued at about $460,431,000. Capital International Investors boosted its stake in shares of VICI Properties by 17.4% during the 4th quarter. Capital International Investors now owns 62,871,097 shares of the company’s stock worth $2,004,648,000 after acquiring an additional 9,317,582 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of VICI Properties by 4.6% during the 1st quarter. Vanguard Group Inc. now owns 153,674,848 shares of the company’s stock valued at $4,577,974,000 after acquiring an additional 6,755,553 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of VICI Properties by 37.9% in the 1st quarter. Daiwa Securities Group Inc. now owns 11,313,497 shares of the company’s stock valued at $337,029,000 after acquiring an additional 3,109,028 shares in the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on VICI. Morgan Stanley reaffirmed an “equal weight” rating and set a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Evercore ISI lifted their price objective on VICI Properties from $35.00 to $36.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $33.44.

VICI Properties Stock Up 1.2 %

Shares of VICI opened at $33.96 on Monday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. The company has a 50-day simple moving average of $31.64 and a 200-day simple moving average of $29.79. VICI Properties Inc. has a 52 week low of $26.63 and a 52 week high of $34.17. The firm has a market capitalization of $35.56 billion, a P/E ratio of 13.42, a P/E/G ratio of 5.28 and a beta of 0.94.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be issued a $0.4325 dividend. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.09%. VICI Properties’s dividend payout ratio is 65.61%.

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.