Wright Investors Service Inc. Invests $2.42 Million in VICI Properties Inc. (NYSE:VICI)

Wright Investors Service Inc. bought a new position in VICI Properties Inc. (NYSE:VICI) in the 3rd quarter, HoldingsChannel reports. The fund bought 72,546 shares of the company’s stock, valued at approximately $2,417,000.

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Morgan Stanley reaffirmed an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a research report on Friday, June 21st. Evercore ISI boosted their price target on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price objective (up from $33.00) on shares of VICI Properties in a research note on Tuesday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, VICI Properties presently has a consensus rating of “Moderate Buy” and an average target price of $34.00.

VICI Properties Price Performance

NYSE VICI traded down $0.15 during trading on Friday, reaching $32.42. 3,421,743 shares of the company traded hands, compared to its average volume of 5,904,170. The company has a market cap of $33.82 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 5.15 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.29. The stock’s 50 day moving average price is $32.62 and its two-hundred day moving average price is $30.18.

VICI Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were issued a $0.4325 dividend. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. This represents a $1.73 annualized dividend and a dividend yield of 5.34%. The ex-dividend date was Wednesday, September 18th. VICI Properties’s payout ratio is presently 68.38%.

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.