US Bancorp DE Boosts Holdings in VICI Properties Inc. (NYSE:VICI)

US Bancorp DE raised its stake in shares of VICI Properties Inc. (NYSE:VICI) by 1.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 295,675 shares of the company’s stock after acquiring an additional 4,642 shares during the period. US Bancorp DE’s holdings in VICI Properties were worth $9,849,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. SteelPeak Wealth LLC raised its holdings in VICI Properties by 21.7% in the 3rd quarter. SteelPeak Wealth LLC now owns 105,323 shares of the company’s stock worth $3,554,000 after purchasing an additional 18,756 shares during the period. First Trust Direct Indexing L.P. boosted its stake in shares of VICI Properties by 12.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 28,691 shares of the company’s stock valued at $956,000 after buying an additional 3,244 shares during the period. New York State Teachers Retirement System lifted its stake in VICI Properties by 6.3% in the third quarter. New York State Teachers Retirement System now owns 1,081,274 shares of the company’s stock worth $36,017,000 after acquiring an additional 63,917 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in shares of VICI Properties by 13.2% during the third quarter. Pathway Financial Advisers LLC now owns 93,843 shares of the company’s stock worth $3,126,000 after purchasing an additional 10,923 shares in the last quarter. Finally, Pallas Capital Advisors LLC boosted its holdings in shares of VICI Properties by 73.3% in the 3rd quarter. Pallas Capital Advisors LLC now owns 92,784 shares of the company’s stock valued at $3,044,000 after buying an additional 39,248 shares in the last quarter. Institutional investors and hedge funds own 97.71% of the company’s stock.

Analysts Set New Price Targets

VICI has been the topic of a number of recent research reports. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. JMP Securities upped their target price on shares of VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday. Finally, Evercore ISI raised their price objective on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, VICI Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $34.11.

VICI Properties Stock Down 1.0 %

Shares of VICI Properties stock opened at $31.44 on Friday. 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 1-year low of $27.08 and a 1-year high of $34.29. The business has a 50-day moving average of $32.98 and a 200-day moving average of $30.65. The company has a market capitalization of $32.92 billion, a PE ratio of 11.64, a P/E/G ratio of 4.99 and a beta of 0.94.

VICI Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were issued a dividend of $0.4325 per share. The ex-dividend date was Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a yield of 5.50%. VICI Properties’s payout ratio is currently 64.07%.

VICI Properties 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.