Courier Capital LLC Acquires 1,217 Shares of VICI Properties Inc. (NYSE:VICI)

Courier Capital LLC boosted its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 5.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 23,260 shares of the company’s stock after purchasing an additional 1,217 shares during the period. Courier Capital LLC’s holdings in VICI Properties were worth $775,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Montag A & Associates Inc. raised its position in shares of VICI Properties by 3.3% in the second quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock valued at $357,000 after purchasing an additional 389 shares during the period. MAS Advisors LLC raised its position in shares of VICI Properties by 2.8% in the second quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock valued at $422,000 after purchasing an additional 398 shares during the period. Massmutual Trust Co. FSB ADV raised its position in shares of VICI Properties by 23.2% in the third 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 period. Cornell Pochily Investment Advisors Inc. raised its position in shares of VICI Properties by 7.1% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 7,516 shares of the company’s stock valued at $250,000 after purchasing an additional 498 shares during the period. Finally, Ashton Thomas Private Wealth LLC raised its position in shares of VICI Properties by 1.7% in the second quarter. Ashton Thomas Private Wealth LLC now owns 30,165 shares of the company’s stock valued at $864,000 after purchasing an additional 508 shares during the period. Institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Up 0.2 %

VICI opened at $32.84 on Thursday. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. The firm’s fifty day moving average price is $32.97 and its two-hundred day moving average price is $30.49. The company has a market capitalization of $34.39 billion, a P/E ratio of 12.88, a P/E/G ratio of 5.15 and a beta of 0.93.

VICI Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a yield of 5.27%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is currently 67.84%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Evercore ISI boosted their target price on shares of VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. 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 report on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, VICI Properties currently has an average rating of “Moderate Buy” and an average target price of $34.00.

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.