VICI Properties Inc. (NYSE:VICI) Shares Bought by Ascent Group LLC

Ascent Group LLC boosted its stake in shares of VICI Properties Inc. (NYSE:VICI) by 7.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 64,910 shares of the company’s stock after acquiring an additional 4,261 shares during the quarter. Ascent Group LLC’s holdings in VICI Properties were worth $1,859,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Tucker Asset Management LLC lifted its position in VICI Properties by 1,888.9% during the 4th quarter. Tucker Asset Management LLC now owns 1,074 shares of the company’s stock worth $34,000 after acquiring an additional 1,020 shares during the period. UMB Bank n.a. lifted its holdings in shares of VICI Properties by 254.4% in the 2nd quarter. UMB Bank n.a. now owns 1,368 shares of the company’s stock valued at $39,000 after buying an additional 982 shares during the period. Quarry LP lifted its holdings in shares of VICI Properties by 143.1% in the 4th quarter. Quarry LP now owns 1,259 shares of the company’s stock valued at $40,000 after buying an additional 741 shares during the period. Carmichael Hill & Associates Inc. lifted its holdings in shares of VICI Properties by 363.2% in the 2nd quarter. Carmichael Hill & Associates Inc. now owns 1,408 shares of the company’s stock valued at $40,000 after buying an additional 1,104 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of VICI Properties in the 2nd quarter valued at approximately $43,000. 97.71% of the stock is owned by institutional investors and hedge funds.

VICI Properties Stock Performance

NYSE VICI opened at $33.12 on Monday. VICI Properties Inc. has a 1-year low of $26.63 and a 1-year high of $34.29. The company has a market capitalization of $34.55 billion, a P/E ratio of 13.09, a PEG ratio of 5.20 and a beta of 0.94. The business has a 50 day moving average price of $32.39 and a 200 day moving average price of $30.06. 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 Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 3rd. Shareholders of record on Wednesday, September 18th will be given a dividend of $0.4325 per share. This is an increase from VICI Properties’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, September 18th. This represents a $1.73 annualized dividend and a yield of 5.22%. VICI Properties’s dividend payout ratio (DPR) is presently 68.38%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on VICI. Evercore ISI raised their price target on VICI Properties from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Monday, September 16th. Morgan Stanley reissued an “equal weight” rating and issued a $33.00 price target on shares of VICI Properties in a report 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $33.56.

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.