MBB Public Markets I LLC Buys 240,170 Shares of VICI Properties Inc. (NYSE:VICI)

MBB Public Markets I LLC increased its holdings in VICI Properties Inc. (NYSE:VICI) by 21.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,373,581 shares of the company’s stock after acquiring an additional 240,170 shares during the quarter. VICI Properties makes up about 0.8% of MBB Public Markets I LLC’s investment portfolio, making the stock its 24th largest position. MBB Public Markets I LLC owned approximately 0.13% of VICI Properties worth $39,339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Montag A & Associates Inc. raised its holdings in shares of VICI Properties by 3.3% in the second quarter. Montag A & Associates Inc. now owns 12,297 shares of the company’s stock worth $357,000 after buying an additional 389 shares during the last quarter. Bard Associates Inc. raised its position in VICI Properties by 0.5% during the fourth quarter. Bard Associates Inc. now owns 79,612 shares of the company’s stock worth $2,570,000 after acquiring an additional 395 shares during the period. MAS Advisors LLC lifted its stake in VICI Properties by 2.8% in the 2nd quarter. MAS Advisors LLC now owns 14,745 shares of the company’s stock valued at $422,000 after buying an additional 398 shares in the last quarter. Courier Capital LLC boosted its stake in shares of VICI Properties by 2.0% in the first quarter. Courier Capital LLC now owns 21,045 shares of the company’s stock worth $627,000 after acquiring an additional 417 shares during the last quarter. Finally, Oppenheimer & Co. Inc. raised its position in shares of VICI Properties by 0.9% in the fourth quarter. Oppenheimer & Co. Inc. now owns 52,494 shares of the company’s stock valued at $1,674,000 after buying an additional 448 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on VICI shares. Evercore ISI lifted their price target on shares of VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Morgan Stanley reiterated an “equal weight” rating and set a $33.00 target price on shares of VICI Properties in a research note on Friday, June 21st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $33.56.

VICI Properties Stock Performance

NYSE:VICI opened at $32.89 on Friday. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.64. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.29. The firm’s fifty day simple moving average is $32.34 and its 200-day simple moving average is $30.03. The stock has a market cap of $34.31 billion, a PE ratio of 13.00, a price-to-earnings-growth ratio of 5.20 and a beta of 0.94.

VICI Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th will be paid a dividend of $0.4325 per share. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, September 18th. This represents a $1.73 annualized dividend and a dividend yield of 5.26%. VICI Properties’s payout ratio is 68.38%.

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.