Empire Life Investments Inc. Takes $3.10 Million Position in VICI Properties Inc. (NYSE:VICI)

Empire Life Investments Inc. purchased a new stake in VICI Properties Inc. (NYSE:VICI) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 106,082 shares of the company’s stock, valued at approximately $3,099,000.

A number of other institutional investors and hedge funds have also made changes to their positions in VICI. V Square Quantitative Management LLC grew its stake in VICI Properties by 3.3% during the 4th quarter. V Square Quantitative Management LLC now owns 12,221 shares of the company’s stock worth $357,000 after buying an additional 391 shares during the last quarter. Asset Management One Co. Ltd. grew its stake in VICI Properties by 0.3% during the 4th quarter. Asset Management One Co. Ltd. now owns 2,060,248 shares of the company’s stock worth $59,624,000 after buying an additional 6,601 shares during the last quarter. Pathway Financial Advisers LLC grew its stake in VICI Properties by 1.8% during the 4th quarter. Pathway Financial Advisers LLC now owns 95,534 shares of the company’s stock worth $2,791,000 after buying an additional 1,691 shares during the last quarter. Avestar Capital LLC grew its stake in VICI Properties by 26.8% during the 4th quarter. Avestar Capital LLC now owns 9,639 shares of the company’s stock worth $282,000 after buying an additional 2,040 shares during the last quarter. Finally, Ingalls & Snyder LLC grew its stake in VICI Properties by 5.5% during the 4th quarter. Ingalls & Snyder LLC now owns 23,200 shares of the company’s stock worth $678,000 after buying an additional 1,200 shares during the last quarter. 97.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on VICI shares. JMP Securities restated a “market outperform” rating and set a $35.00 target price on shares of VICI Properties in a research note on Monday, January 27th. Barclays dropped their price target on VICI Properties from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Truist Financial dropped their price target on VICI Properties from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, January 14th. Wedbush downgraded VICI Properties from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 8th. Finally, Mizuho dropped their price target on VICI Properties from $33.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 8th. Three equities research 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 has an average rating of “Moderate Buy” and an average price target of $34.22.

VICI Properties Stock Performance

Shares of VICI stock opened at $30.39 on Friday. The stock has a market cap of $32.04 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 3.80 and a beta of 0.95. The business has a 50-day simple moving average of $29.66 and a 200-day simple moving average of $31.45. 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 Inc. has a 52-week low of $27.08 and a 52-week high of $34.29.

VICI Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Tuesday, December 17th were issued a $0.4325 dividend. The ex-dividend date was Tuesday, December 17th. This represents a $1.73 annualized dividend and a dividend yield of 5.69%. VICI Properties’s dividend payout ratio (DPR) is presently 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.