Chase Investment Counsel Corp Purchases 580 Shares of VICI Properties Inc. (NYSE:VICI)

Chase Investment Counsel Corp boosted its stake in VICI Properties Inc. (NYSE:VICI) by 4.1% during the 2nd quarter, Holdings Channel reports. The firm owned 14,876 shares of the company’s stock after buying an additional 580 shares during the quarter. Chase Investment Counsel Corp’s holdings in VICI Properties were worth $426,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Tucker Asset Management LLC lifted its stake in VICI Properties by 1,888.9% in the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after purchasing an additional 1,020 shares in the last quarter. Quarry LP lifted its stake in VICI Properties by 780.5% in the 2nd quarter. Quarry LP now owns 1,127 shares of the company’s stock worth $32,000 after purchasing an additional 999 shares in the last quarter. UMB Bank n.a. lifted its stake in VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock worth $39,000 after purchasing an additional 982 shares in the last quarter. Carmichael Hill & Associates Inc. lifted its stake in VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock worth $40,000 after purchasing an additional 1,104 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of VICI Properties during the 2nd quarter valued at about $43,000. Hedge funds and other institutional investors own 97.71% of the company’s stock.

VICI Properties Stock Performance

VICI Properties stock opened at $33.12 on Monday. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.31 and a quick ratio of 2.31. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.29. The firm has a market capitalization of $34.55 billion, a P/E ratio of 13.09, a price-to-earnings-growth ratio of 5.20 and a beta of 0.94. The company’s 50-day moving average is $32.39 and its 200 day moving average is $30.06.

VICI Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 3rd. Investors of record on Wednesday, September 18th will be 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 yield of 5.22%. The ex-dividend date of this dividend is Wednesday, September 18th. VICI Properties’s dividend payout ratio is 68.38%.

Analyst Ratings Changes

Several brokerages have recently issued reports on VICI. Evercore ISI upped their target price 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 restated an “equal weight” rating and set a $33.00 target price on shares of VICI Properties in a research report on Friday, June 21st. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.56.

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.