Nicola Wealth Management LTD. Buys 4,700 Shares of VICI Properties Inc. (NYSE:VICI)

Nicola Wealth Management LTD. lifted its position in VICI Properties Inc. (NYSE:VICI) by 9.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,985 shares of the company’s stock after buying an additional 4,700 shares during the quarter. Nicola Wealth Management LTD.’s holdings in VICI Properties were worth $1,832,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in VICI. Quarry LP lifted its position in VICI Properties by 780.5% during the second quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after acquiring an additional 999 shares during the last quarter. UMB Bank n.a. increased its stake in shares of 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 in the last quarter. Carmichael Hill & Associates Inc. lifted its stake in shares of VICI Properties by 363.2% in the second quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after buying an additional 1,104 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of VICI Properties in the second quarter worth approximately $43,000. Finally, Rothschild Investment LLC bought a new position in VICI Properties during the 2nd quarter valued at $47,000. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Price Performance

VICI traded down $0.14 on Thursday, reaching $31.17. 914,323 shares of the company’s stock were exchanged, compared to its average volume of 5,664,127. The stock has a market cap of $32.86 billion, a PE ratio of 11.59, a P/E/G ratio of 4.14 and a beta of 0.94. 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 twelve month low of $27.08 and a twelve month high of $34.29. The stock’s fifty day moving average price is $32.67 and its 200-day moving average price is $30.86.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were issued a $0.4325 dividend. The ex-dividend date of this dividend was Wednesday, September 18th. This is a boost from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a yield of 5.55%. VICI Properties’s dividend payout ratio is currently 64.07%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on VICI shares. Evercore ISI lifted their price target on shares of 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 target on shares of VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research note on Thursday. JMP Securities raised their price objective on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a research note on Friday, November 1st. Finally, 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 note on Tuesday, October 1st. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $34.22.

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.