VICI Properties Inc. (NYSE:VICI) Shares Acquired by Carret Asset Management LLC

Carret Asset Management LLC lifted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 4.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,848 shares of the company’s stock after buying an additional 3,289 shares during the period. Carret Asset Management LLC’s holdings in VICI Properties were worth $2,029,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in VICI. Sheaff Brock Investment Advisors LLC boosted its holdings in VICI Properties by 0.8% in the 4th quarter. Sheaff Brock Investment Advisors LLC now owns 44,565 shares of the company’s stock valued at $1,421,000 after purchasing an additional 355 shares during the last quarter. Montag A & Associates Inc. increased its position in shares of VICI Properties by 3.3% in the 2nd quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock valued at $357,000 after purchasing an additional 389 shares during the last quarter. Bard Associates Inc. increased its position in shares of VICI Properties by 0.5% in the 4th quarter. Bard Associates Inc. now owns 79,612 shares of the company’s stock valued at $2,570,000 after purchasing an additional 395 shares during the last quarter. Courier Capital LLC boosted its holdings in shares of VICI Properties by 2.0% in the 1st quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock valued at $627,000 after buying an additional 417 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its holdings in shares of VICI Properties by 0.9% in the 4th quarter. Oppenheimer & Co. Inc. now owns 52,494 shares of the company’s stock valued at $1,674,000 after buying an additional 448 shares in the last quarter. 97.71% of the stock is currently owned by institutional investors and hedge funds.

VICI Properties Stock Performance

Shares of VICI traded up $0.42 on Monday, reaching $33.48. 5,545,700 shares of the stock traded hands, compared to its average volume of 4,235,773. The firm has a market cap of $35.06 billion, a price-to-earnings ratio of 13.23, a P/E/G ratio of 5.26 and a beta of 0.94. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. VICI Properties Inc. has a 12 month low of $26.63 and a 12 month high of $33.51. The stock’s 50-day moving average price is $30.51 and its 200-day moving average price is $29.50.

VICI Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 3rd. Investors of record on Tuesday, June 18th were paid a $0.415 dividend. This represents a $1.66 annualized dividend and a yield of 4.96%. The ex-dividend date was Tuesday, June 18th. VICI Properties’s dividend payout ratio is 65.61%.

Analyst Upgrades and Downgrades

VICI has been the subject of a number of research analyst reports. Evercore ISI increased their price target on shares of VICI Properties from $35.00 to $36.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Morgan Stanley reiterated an “equal weight” rating and set a $33.00 price target on shares of VICI Properties in a report on Friday, June 21st. Scotiabank raised their target price on shares of VICI Properties from $32.00 to $34.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 16th. Finally, Mizuho lifted their price target on shares of VICI Properties from $31.00 to $32.00 and gave the company a “buy” rating in a research report on Friday, May 10th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, VICI Properties has a consensus rating of “Moderate Buy” and an average target price of $33.44.

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.