VICI Properties Inc. (NYSE:VICI) Shares Purchased by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp grew its stake in VICI Properties Inc. (NYSE:VICI) by 2.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 311,653 shares of the company’s stock after buying an additional 8,834 shares during the quarter. CHURCHILL MANAGEMENT Corp’s holdings in VICI Properties were worth $9,103,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC boosted its position in VICI Properties by 14.4% during the fourth quarter. Park Avenue Securities LLC now owns 23,298 shares of the company’s stock worth $681,000 after acquiring an additional 2,924 shares during the last quarter. Wright Investors Service Inc. raised its stake in shares of VICI Properties by 0.7% in the fourth quarter. Wright Investors Service Inc. now owns 73,031 shares of the company’s stock valued at $2,133,000 after acquiring an additional 485 shares in the last quarter. Courier Capital LLC grew its holdings in VICI Properties by 4.8% during the 4th quarter. Courier Capital LLC now owns 24,367 shares of the company’s stock worth $712,000 after acquiring an additional 1,107 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of VICI Properties during the 4th quarter worth about $263,000. Finally, Capital Investment Advisors LLC raised its stake in VICI Properties by 22.5% during the 4th quarter. Capital Investment Advisors LLC now owns 339,067 shares of the company’s stock worth $9,904,000 after acquiring an additional 62,307 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on VICI. Truist Financial dropped their target price on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday. Wedbush downgraded shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 8th. Mizuho dropped their target price on VICI Properties from $33.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, January 8th. KeyCorp reiterated a “sector weight” rating on shares of VICI Properties in a report on Tuesday, December 17th. Finally, Barclays initiated coverage on VICI Properties in a report on Friday, January 10th. They set an “overweight” rating and a $36.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.33.

VICI Properties Stock Performance

VICI Properties stock opened at $28.74 on Thursday. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The firm’s 50 day simple moving average is $30.56 and its 200-day simple moving average is $31.40. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.61 and a quick ratio of 2.61. The company has a market cap of $30.30 billion, a P/E ratio of 10.64, a price-to-earnings-growth ratio of 3.60 and a beta of 0.94.

VICI Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Tuesday, December 17th were paid 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 (DPR) is currently 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.