Courier Capital LLC Buys 1,107 Shares of VICI Properties Inc. (NYSE:VICI)

Courier Capital LLC grew its stake in shares of VICI Properties Inc. (NYSE:VICI) by 4.8% in the fourth quarter, Holdings Channel reports. The fund owned 24,367 shares of the company’s stock after acquiring an additional 1,107 shares during the quarter. Courier Capital LLC’s holdings in VICI Properties were worth $712,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. State Street Corp raised its stake in VICI Properties by 2.1% in the 3rd quarter. State Street Corp now owns 55,548,393 shares of the company’s stock valued at $1,873,869,000 after acquiring an additional 1,164,717 shares during the period. Geode Capital Management LLC raised its position in shares of VICI Properties by 2.2% in the third quarter. Geode Capital Management LLC now owns 28,475,659 shares of the company’s stock valued at $945,712,000 after purchasing an additional 608,696 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of VICI Properties by 1.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 14,632,629 shares of the company’s stock valued at $419,073,000 after buying an additional 201,899 shares in the last quarter. Legal & General Group Plc boosted its holdings in VICI Properties by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 14,426,075 shares of the company’s stock worth $413,163,000 after buying an additional 251,313 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in VICI Properties by 7.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,823,688 shares of the company’s stock valued at $393,847,000 after buying an additional 770,195 shares in the last quarter. 97.71% of the stock is owned by institutional investors.

VICI Properties Stock Performance

VICI Properties stock opened at $28.76 on Tuesday. VICI Properties Inc. has a fifty-two week low of $27.08 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.61 and a current ratio of 2.61. The stock has a market cap of $30.32 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 4.12 and a beta of 0.94. The firm’s fifty day moving average price is $30.72 and its 200-day moving average price is $31.41.

VICI Properties Dividend Announcement

The company also recently declared 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%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on VICI shares. Evercore ISI raised their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Mizuho decreased their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 8th. JMP Securities restated a “market outperform” rating and issued a $35.00 price objective on shares of VICI Properties in a research report on Wednesday, December 11th. Finally, Wedbush cut shares of VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.25.

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.