Tectonic Advisors LLC Raises Stake in VICI Properties Inc. (NYSE:VICI)

Tectonic Advisors LLC raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 15.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 237,250 shares of the company’s stock after buying an additional 32,625 shares during the quarter. Tectonic Advisors LLC’s holdings in VICI Properties were worth $6,930,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of VICI. CHURCHILL MANAGEMENT Corp grew its stake in VICI Properties by 2.9% during the fourth quarter. CHURCHILL MANAGEMENT Corp now owns 311,653 shares of the company’s stock valued at $9,103,000 after acquiring an additional 8,834 shares in the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of VICI Properties by 8.0% in the third quarter. Rockefeller Capital Management L.P. now owns 548,437 shares of the company’s stock worth $18,268,000 after purchasing an additional 40,733 shares during the period. Border to Coast Pensions Partnership Ltd raised its position in shares of VICI Properties by 40.0% in the fourth quarter. Border to Coast Pensions Partnership Ltd now owns 455,000 shares of the company’s stock worth $13,282,000 after buying an additional 130,000 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in VICI Properties by 7.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after buying an additional 770,195 shares during the period. Finally, Merit Financial Group LLC purchased a new position in VICI Properties during the fourth quarter worth about $693,000. 97.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on VICI. Truist Financial lowered their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and issued a $35.00 price target on shares of VICI Properties in a research note on Monday, January 27th. KeyCorp reissued a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Barclays cut their target price on shares of VICI Properties from $36.00 to $35.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Mizuho lowered their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.22.

VICI Properties Stock Up 0.2 %

NYSE VICI opened at $29.86 on Wednesday. The business’s 50-day moving average is $29.98 and its 200 day moving average is $31.49. The stock has a market capitalization of $31.47 billion, a PE ratio of 11.06, a PEG ratio of 3.80 and a beta of 0.95. 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 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Tuesday, December 17th were issued a dividend of $0.4325 per share. The ex-dividend date of this dividend was Tuesday, December 17th. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.79%. VICI Properties’s dividend payout ratio is presently 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.