Erste Asset Management GmbH Purchases New Position in VICI Properties Inc. (NYSE:VICI)

Erste Asset Management GmbH acquired a new stake in VICI Properties Inc. (NYSE:VICI) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 95,203 shares of the company’s stock, valued at approximately $3,161,000.

Several other institutional investors have also added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. boosted its position in shares of VICI Properties by 8.7% during the first quarter. B. Riley Wealth Advisors Inc. now owns 11,485 shares of the company’s stock valued at $339,000 after buying an additional 915 shares during the last quarter. Cetera Investment Advisers grew its stake in shares of VICI Properties by 359.6% in the first quarter. Cetera Investment Advisers now owns 93,455 shares of the company’s stock worth $2,784,000 after acquiring an additional 73,123 shares during the period. Cetera Advisors LLC grew its stake in shares of VICI Properties by 47.9% in the first quarter. Cetera Advisors LLC now owns 32,372 shares of the company’s stock worth $964,000 after acquiring an additional 10,485 shares during the period. GAMMA Investing LLC lifted its position in VICI Properties by 65.1% during the second quarter. GAMMA Investing LLC now owns 7,828 shares of the company’s stock valued at $224,000 after purchasing an additional 3,086 shares during the period. Finally, DNB Asset Management AS boosted its holdings in VICI Properties by 8.0% in the second quarter. DNB Asset Management AS now owns 170,164 shares of the company’s stock worth $4,873,000 after purchasing an additional 12,578 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. JMP Securities increased their price target on VICI Properties from $34.00 to $35.00 and gave the company a “market outperform” rating in a report on Friday, November 1st. Evercore ISI increased their target price on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Mizuho cut their price target on VICI Properties from $34.00 to $33.00 and set an “outperform” rating for the company in a research note on Thursday, November 14th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price objective (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, VICI Properties has a consensus rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Trading Down 1.2 %

Shares of NYSE:VICI opened at $32.21 on Tuesday. The stock has a 50 day moving average of $32.31 and a 200 day moving average of $31.13. The company has a market cap of $33.95 billion, a PE ratio of 11.93, a price-to-earnings-growth ratio of 4.32 and a beta of 0.93. VICI Properties Inc. has a 12-month low of $27.08 and a 12-month high of $34.29. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were given a $0.4325 dividend. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.37%. The ex-dividend date of this dividend was Wednesday, September 18th. 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.