Braun Stacey Associates Inc. Acquires 20,950 Shares of VICI Properties Inc. (NYSE:VICI)

Braun Stacey Associates Inc. increased its holdings in shares of VICI Properties Inc. (NYSE:VICI) by 3.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 667,649 shares of the company’s stock after purchasing an additional 20,950 shares during the quarter. Braun Stacey Associates Inc.’s holdings in VICI Properties were worth $22,239,000 as of its most recent filing with the SEC.

Other large investors have also bought and sold shares of the company. M&G Plc acquired a new position in VICI Properties during the 1st quarter worth approximately $324,000. Intech Investment Management LLC boosted its holdings in shares of VICI Properties by 115.9% in the 1st quarter. Intech Investment Management LLC now owns 31,344 shares of the company’s stock valued at $934,000 after buying an additional 16,824 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in shares of VICI Properties in the 1st quarter valued at approximately $117,000. Covestor Ltd boosted its holdings in shares of VICI Properties by 17.7% in the 1st quarter. Covestor Ltd now owns 6,583 shares of the company’s stock valued at $196,000 after buying an additional 990 shares during the last quarter. Finally, RB Capital Management LLC boosted its holdings in shares of VICI Properties by 10.9% in the 1st quarter. RB Capital Management LLC now owns 56,680 shares of the company’s stock valued at $1,688,000 after buying an additional 5,581 shares during the last quarter. 97.71% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on VICI. JMP Securities increased their price objective on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Mizuho cut their price objective on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a report on Thursday. Evercore ISI raised their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price target (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Trading Up 1.2 %

VICI opened at $31.67 on Monday. VICI Properties Inc. has a twelve month low of $27.08 and a twelve month high of $34.29. The company has a 50-day simple moving average of $32.58 and a 200 day simple moving average of $30.91. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63. The stock has a market capitalization 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 business also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were issued a $0.4325 dividend. The ex-dividend date was Wednesday, September 18th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.46%. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio is 64.07%.

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.