Duncan Williams Asset Management LLC Acquires New Position in VICI Properties Inc. (NYSE:VICI)

Duncan Williams Asset Management LLC purchased a new stake in shares of VICI Properties Inc. (NYSE:VICI) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,120 shares of the company’s stock, valued at approximately $504,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. SG Americas Securities LLC increased its position in shares of VICI Properties by 671.3% during the first quarter. SG Americas Securities LLC now owns 721,523 shares of the company’s stock valued at $21,494,000 after buying an additional 627,979 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of VICI Properties by 15.1% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,882,494 shares of the company’s stock worth $56,079,000 after purchasing an additional 246,983 shares during the last quarter. Bayesian Capital Management LP increased its position in shares of VICI Properties by 36.5% in the fourth quarter. Bayesian Capital Management LP now owns 185,075 shares of the company’s stock worth $5,900,000 after purchasing an additional 49,500 shares during the last quarter. Royal London Asset Management Ltd. increased its position in shares of VICI Properties by 12.4% in the fourth quarter. Royal London Asset Management Ltd. now owns 417,719 shares of the company’s stock worth $13,317,000 after purchasing an additional 46,062 shares during the last quarter. Finally, Norden Group LLC bought a new position in shares of VICI Properties in the first quarter worth approximately $1,033,000. 97.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley restated an “equal weight” rating and issued a $33.00 price objective on shares of VICI Properties in a research report on Friday, June 21st. Evercore ISI upped their target price on VICI Properties from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $36.00 target price (up previously from $33.00) on shares of VICI Properties in a research note on Tuesday. Two investment 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 Stock Performance

NYSE:VICI opened at $32.57 on Friday. The firm has a market cap of $33.98 billion, a PE ratio of 12.87, a price-to-earnings-growth ratio of 5.20 and a beta of 0.94. VICI Properties Inc. has a fifty-two week low of $26.63 and a fifty-two week high of $34.29. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.31 and a current ratio of 2.31. The business has a 50 day moving average price of $32.59 and a 200-day moving average price of $30.15.

VICI Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 3rd. Stockholders of record on Wednesday, September 18th were paid a dividend of $0.4325 per share. This represents a $1.73 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date was Wednesday, September 18th. This is a positive change from VICI Properties’s previous quarterly dividend of $0.42. VICI Properties’s dividend 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.