GoalVest Advisory LLC Acquires 1,224 Shares of VICI Properties Inc. (NYSE:VICI)

GoalVest Advisory LLC boosted its holdings in VICI Properties Inc. (NYSE:VICI) by 3.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,754 shares of the company’s stock after buying an additional 1,224 shares during the period. GoalVest Advisory LLC’s holdings in VICI Properties were worth $1,091,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Intech Investment Management LLC increased its position in VICI Properties by 115.9% in the 1st quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock worth $934,000 after buying an additional 16,824 shares during the period. Handelsbanken Fonder AB grew its holdings in shares of VICI Properties by 8.8% during the 3rd quarter. Handelsbanken Fonder AB now owns 593,852 shares of the company’s stock worth $19,781,000 after purchasing an additional 47,953 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of VICI Properties during the 2nd quarter worth approximately $557,000. Los Angeles Capital Management LLC grew its holdings in shares of VICI Properties by 367.8% during the 3rd quarter. Los Angeles Capital Management LLC now owns 2,219,378 shares of the company’s stock worth $73,927,000 after purchasing an additional 1,744,939 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in shares of VICI Properties by 359.6% during the 1st quarter. Cetera Investment Advisers now owns 93,455 shares of the company’s stock worth $2,784,000 after purchasing an additional 73,123 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Price Performance

Shares of VICI stock opened at $31.67 on Friday. The stock’s fifty day simple moving average is $32.58 and its 200 day simple moving average is $30.90. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. VICI Properties Inc. has a one year low of $27.08 and a one year high of $34.29. The firm has a market cap of $33.39 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 4.20 and a beta of 0.94.

VICI Properties Increases Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. JMP Securities lifted their price objective on VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a report on Friday, November 1st. Evercore ISI lifted their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Mizuho decreased their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.22.

About VICI Properties

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.