Steph & Co. Increases Stake in VICI Properties Inc. (NYSE:VICI)

Steph & Co. raised its position in shares of VICI Properties Inc. (NYSE:VICI) by 5.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,539 shares of the company’s stock after purchasing an additional 1,056 shares during the quarter. Steph & Co.’s holdings in VICI Properties were worth $600,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Carmel Capital Partners LLC boosted its position in shares of VICI Properties by 1.0% during the third quarter. Carmel Capital Partners LLC now owns 35,343 shares of the company’s stock valued at $1,177,000 after buying an additional 367 shares during the last quarter. Continuum Advisory LLC lifted its stake in VICI Properties by 30.5% during the 3rd quarter. Continuum Advisory LLC now owns 1,599 shares of the company’s stock valued at $50,000 after acquiring an additional 374 shares during the period. MAS Advisors LLC boosted its holdings in shares of VICI Properties by 2.8% during the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock valued at $422,000 after acquiring an additional 398 shares during the last quarter. Insight Folios Inc grew its stake in shares of VICI Properties by 2.5% in the third quarter. Insight Folios Inc now owns 18,035 shares of the company’s stock worth $601,000 after acquiring an additional 433 shares during the period. Finally, Massmutual Trust Co. FSB ADV raised its holdings in shares of VICI Properties by 23.2% during 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 last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on VICI shares. KeyCorp restated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Truist Financial cut their price objective on VICI Properties from $40.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday. Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. JMP Securities restated a “market outperform” rating and set a $35.00 price target on shares of VICI Properties in a research note on Wednesday, December 11th. Finally, Barclays began coverage on shares of VICI Properties in a research note on Friday, January 10th. They issued an “overweight” rating and a $36.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $34.33.

VICI Properties Stock Down 0.8 %

VICI stock opened at $28.74 on Thursday. The business’s 50-day moving average price is $30.56 and its 200-day moving average price is $31.40. The stock has a market cap of $30.30 billion, a P/E ratio of 10.64, a PEG ratio of 3.60 and a beta of 0.94. 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.

VICI Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. This represents a $1.73 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend was Tuesday, December 17th. VICI Properties’s dividend payout ratio is currently 64.07%.

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.