VICI Properties Inc. (NYSE:VICI) Shares Purchased by Raymond James Trust N.A.

Raymond James Trust N.A. raised its position in VICI Properties Inc. (NYSE:VICI) by 14.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,136 shares of the company’s stock after acquiring an additional 6,381 shares during the quarter. Raymond James Trust N.A.’s holdings in VICI Properties were worth $1,670,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC purchased a new stake in VICI Properties during the 1st quarter worth $117,000. Gabelli Funds LLC lifted its stake in shares of VICI Properties by 3.4% in the first quarter. Gabelli Funds LLC now owns 154,215 shares of the company’s stock worth $4,594,000 after acquiring an additional 5,000 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in VICI Properties by 2.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,496,576 shares of the company’s stock valued at $44,584,000 after purchasing an additional 29,145 shares during the last quarter. Ascent Group LLC boosted its holdings in VICI Properties by 616.0% in the first quarter. Ascent Group LLC now owns 60,649 shares of the company’s stock valued at $1,807,000 after purchasing an additional 52,178 shares during the last quarter. Finally, Caxton Associates LP acquired a new stake in VICI Properties during the 1st quarter valued at approximately $484,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

Shares of NYSE VICI opened at $32.23 on Friday. The stock has a market capitalization of $33.98 billion, a P/E ratio of 11.94, a P/E/G ratio of 4.29 and a beta of 0.94. The firm’s 50-day moving average price is $32.42 and its two-hundred day moving average price is $31.00. VICI Properties Inc. has a 52-week low of $27.08 and a 52-week high of $34.29. The company has a quick ratio of 2.61, a current ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a yield of 5.37%. The ex-dividend date was Wednesday, September 18th. VICI Properties’s dividend payout ratio is presently 64.07%.

Wall Street Analysts Forecast Growth

VICI has been the topic of a number of recent analyst reports. Mizuho cut their target price on VICI Properties from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Thursday, November 14th. Evercore ISI increased their price objective on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price objective (up from $33.00) on shares of VICI Properties in a report on Tuesday, October 1st. Finally, 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 research note on Friday, November 1st. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.22.

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.