Janney Montgomery Scott LLC Has $13.88 Million Position in VICI Properties Inc. (NYSE:VICI)

Janney Montgomery Scott LLC grew its position in VICI Properties Inc. (NYSE:VICI) by 0.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 416,603 shares of the company’s stock after purchasing an additional 717 shares during the period. Janney Montgomery Scott LLC’s holdings in VICI Properties were worth $13,877,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Phillips Wealth Planners LLC grew its position in VICI Properties by 43.3% during the 3rd quarter. Phillips Wealth Planners LLC now owns 13,221 shares of the company’s stock worth $438,000 after acquiring an additional 3,992 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of VICI Properties by 50.7% in the third quarter. Farther Finance Advisors LLC now owns 9,708 shares of the company’s stock valued at $323,000 after buying an additional 3,268 shares in the last quarter. Gladstone Institutional Advisory LLC raised its holdings in shares of VICI Properties by 19.5% in the third quarter. Gladstone Institutional Advisory LLC now owns 14,790 shares of the company’s stock valued at $493,000 after buying an additional 2,414 shares during the last quarter. Focus Financial Network Inc. acquired a new position in VICI Properties during the 3rd quarter worth about $210,000. Finally, Stephens Inc. AR grew its holdings in VICI Properties by 18.8% during the 3rd quarter. Stephens Inc. AR now owns 15,228 shares of the company’s stock worth $507,000 after acquiring an additional 2,405 shares during the last quarter. Institutional investors own 97.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on VICI. JMP Securities upped their target price on shares of VICI Properties from $34.00 to $35.00 and gave the stock a “market outperform” rating in a research report on Friday, November 1st. Evercore ISI increased their price objective on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $36.00 target price (up from $33.00) on shares of VICI Properties in a research note on Tuesday, October 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $34.11.

VICI Properties Price Performance

VICI Properties stock opened at $31.11 on Thursday. The firm has a market capitalization of $32.80 billion, a P/E ratio of 11.52, a PEG ratio of 4.98 and a beta of 0.94. The business has a 50-day moving average of $32.89 and a 200-day moving average of $30.76. The company has a current ratio of 2.61, a quick ratio of 2.61 and a debt-to-equity ratio of 0.63. VICI Properties Inc. has a 1 year low of $27.08 and a 1 year high of $34.29.

VICI Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th were paid a $0.4325 dividend. This represents a $1.73 annualized dividend and a yield of 5.56%. The ex-dividend date was Wednesday, September 18th. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend payout ratio 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.