VICI Properties Inc. (NYSE:VICI) Shares Purchased by Van ECK Associates Corp

Van ECK Associates Corp grew its holdings in VICI Properties Inc. (NYSE:VICI) by 4.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 561,868 shares of the company’s stock after acquiring an additional 25,991 shares during the quarter. Van ECK Associates Corp’s holdings in VICI Properties were worth $18,452,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Quarry LP boosted its stake in shares of VICI Properties by 780.5% in the second quarter. Quarry LP now owns 1,127 shares of the company’s stock valued at $32,000 after buying an additional 999 shares in the last quarter. UMB Bank n.a. raised its holdings in VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after acquiring an additional 982 shares during the last quarter. Carmichael Hill & Associates Inc. raised its holdings in VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after acquiring an additional 1,104 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of VICI Properties during the 2nd quarter worth $43,000. Finally, Rothschild Investment LLC purchased a new stake in VICI Properties during the 2nd quarter worth $47,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Price Performance

Shares of VICI Properties stock opened at $31.69 on Tuesday. 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 twelve month low of $27.08 and a twelve month high of $34.29. The stock has a market capitalization of $33.41 billion, a price-to-earnings ratio of 11.74, a price-to-earnings-growth ratio of 4.94 and a beta of 0.94. The company has a 50-day simple moving average of $32.98 and a two-hundred day simple moving average of $30.70.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were given a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.46%. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s payout ratio is 64.07%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on VICI shares. JMP Securities raised their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday. Evercore ISI lifted their price objective 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. Finally, Wells Fargo & Company reissued 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. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and a consensus price target of $34.11.

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.